The Latest Breaking News from US Federal Reserve

The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

The SPDR S&P 500 ETF Trust (NYSE: SPY) rebounded a bit from its early week downturn on Wednesday morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET. 

Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin (CRYPTO: BTC) continues to plummet. What are the factors contributing to this extreme sell off?

Concerns over surging inflation and the Federal Reserve’s continuous efforts to fight it by raising the interest rates have caused the S&P 500 to enter bear market territory. However, the recent market correction could be an opportune time to scoop up shares of beaten-down yet fundamentally sound stocks Meritage Homes…

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

US stock futures traded higher this morning on Wednesday ahead of the key interest rate decision from the Federal Reserve. Investors, meanwhile, focused on some notable insider trades.

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

The Federal Reserve is expected to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation