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The Latest Breaking News from US Federal Reserve

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Fortune

Average long-term US mortgage rates tumble to 6.61%

The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months

The Independent UK

The 2 Best Stocks to Buy When the Market Falls

Signs of cooling inflation have buoyed the stock market recently. However, elevated interest rates could create a recessionary backdrop and keep the market under pressure. Amid this uncertain environment, quality stocks Cisco Systems (CSCO) and Humana (HUM) might be solid additions to your portfolio. Read on….

StockNews.com

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Fed official suggests substantial rate hikes may be needed

The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis

The Independent UK

Fewer Americans file for jobless benefits last week

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market

The Independent UK

3 Stocks to Buy Before 2022 Comes to an End

With the Fed indicating that the final level of interest rates will be higher than expected, many analysts expect the economy to slip into a recession next year. Since the stock market will likely remain under pressure, investors should consider buying fundamentally strong stocks UnitedHealth Group (UNH), Merck & Co.…

StockNews.com

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Fortune

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Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune

Asian shares fall on jitters over missile landing in Poland

Asian shares are mostly lower as investors experience jitters over global risks after Poland said a Russian-made missile killed two people there

The Independent UK

How to Take Advantage of Opportunities Created by This Bear Market

Bear markets can be brutal and messy. They often don't end until testing the resolve of investors. And even for bears, they aren't easy affairs as evidenced by the stock market's 7% pop following a soft CPI report. They also are necessary and healthy as they cleanse the financial system…

StockNews.com

The Fed WANTS a Bear Market & Recession

The stock market (SPY) rally since Thursday’s better than expected CPI report has been impressive. And on the surface, it only seems to be bolstered by Tuesdays PPI report. Unfortunately, that would be missing the forest for the trees. Let’s take a much deeper dive into why the Fed needs…

StockNews.com

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Fortune

Cathie Wood Snatched up These 2 Stocks. Should You?

Despite a recent relief rally in Cathie Wood’s ETFs, more trouble awaits her funds since the Fed seems yet to be done with its rate hikes. Given the fundamental weakness and stretched valuations, it could be wise to avoid stocks Coinbase (COIN) and Rocket Lab (RKLB) that Cathie Wood is…

StockNews.com

Xi at G20: Drawing Ideological Lines Obstructs Advancement of Humankind

Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation. He also cautioned that drawing ideological lines obstructs the advancement of humankind. "We must contain global inflation and resolve systematic risks…

Asharq Al-Awsat

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StockNews.com

Stay Bearish! Don’t Be Fooled by Recent Rally

Traders keep not understanding the seriousness of the Fed in fighting inflation. This is why we had a big summer rally that ended with stocks (SPY) making new lows. And that is why traders misunderstood the 11/2 Fed statement leading to a rally before Chairman Powell spoke and reminded people…

The Independent UK

Fed's top financial regulator urges 'guardrails' for crypto

The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies

ABC News

ASX edges lower, RBA admits reputational damage over low rates forecast, AGL investors back board overhaul

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

StockNews.com

2 Stocks to Buy Now That Could Make You a Millionaire

With inflation showing signs of slowing down, markets have been buoyed by expectations of a softening monetary stance by the Fed. Hence, it could be opportune to invest in fundamentally strong stocks AT&T (T) and McKesson (MCK) with enough headroom to grow. Read on….

Get all your
news in one place.

100's of premium titles.
One news app.

StockNews.com

3 Strong Retail Stocks to Buy for Bad Times

The high inflation and the Fed’s aggressive rate hikes have eroded consumer confidence. However, the retail industry is witnessing stable growth despite the macro headwinds. Therefore, fundamentally strong retail stocks, Kroger (KR), Albertsons Companies (ACI), and Casey’s General Stores (CASY), could be valuable additions to your portfolio now. Keep reading….

The Independent UK

Fed Vice Chair Brainard is 'reassured' by inflation report

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

StockNews.com

3 Stocks You Shouldn’t Even Think About Selling

As the Fed approved its fourth supersized rate hike early this month, consumer sentiment is slightly worse for the month and the near future. Moreover, the IMF issued a gloomier outlook for the global economy. Therefore, fundamentally solid stocks Bristol-Myers Squibb (BMY), Cigna Corporation (CI), and J.Jill (JILL) could be…

Tribune News Service

Commentary: Why the inflation rate isn’t as bad as you think

Inflation is a hot-button issue, and its political fallout can be huge. Some think that the hyperinflation during Germany’s Weimar Republic in the 1920s — when, at a trillion to the dollar, the German mark literally was not worth the paper it was printed on — contributed to the rise…

Tribune News Service

Card balances continued to grow at moderate pace in September, Fed reports

Credit card debt grew moderately in September, as gas prices continued to decline. While inflation remained an issue impacting consumers, rising 8.2 percent over the year for September, gas prices were down 4.9 percent from August. This follows August’s month-over-month 10.6 percent downslide in gas prices.

ABC News

ASX reverses early gains, Elders plunges on outlook, miners soar as China eases curbs

Australian shares reverse early gains, as China eases some of its strict COVID-19 rules, spurring hopes of a recovery in demand.

Fortune

Fed’s Waller warns inflation fight isn’t over, interest rates will ‘keep going up’ despite prices cooling by more than expected

“We’ve still got a ways to go,” warned Federal Reserve Governor Christopher Waller.

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