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The Latest Breaking News from US Federal Reserve

Recession 'Virtual Certainty' as Interest Rates Spike

Plus: Libertarian Party drama, how rent control hurts renters, and more...

Reason

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

The Guardian - US

Jim Cramer Says This Company Is A Great One

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Woodside Energy Group Ltd (NYSE: WDS) is a great company, with a great yield.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Daniel Moss: Jay Powell took Ben Bernanke's advice a bit too far

Ben Bernanke, who led the Federal Reserve during the global financial crisis, observed that the art of setting monetary policy was 98% talk and 2% action. A significant rebalancing of that equation would be welcome after communications upheavals this week roiled markets and seemed to reveal a high degree of…

Tribune News Service

3 Stocks Under $3 Insiders Are Aggressively Buying

The Federal Open Market Committee opted to raise fed funds rates by 0.75% on Wednesday to a new target range of between 1.5% and 1.75%. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Rate hikes, Bitcoin’s plunge and robust jobs data among this week’s top market events

It's been another wild ride for global markets as investors lose faith in central banks' ability to tame inflation without triggering recessions.

The New Daily

SET plunges as Fed hikes rates hard

The Thai stock market fell on Thursday, after the United States Nasdaq futures market tumbled more than 2% on concerns over the economic impacts of aggressive rate hikes from the Federal Reserve.

Bangkok Post

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Interest rates rise to 1.25% as Bank of England battles rising inflation

The rise is the fifth consecutive hike by the Bank’s monetary policy committee

The Independent UK

Michael Gove warns ‘tough times’ ahead as cost of living crisis worsens

Minister issues warning as Bank of England projects inflation to peak this year at just over 11 per cent

Evening Standard

The ASX opened strong after the US interest rate rise buoyed Wall Street. But it hasn't cancelled out Tuesday's losses

It's been a dramatic few days on the Australian stock market, with steep losses followed by a brief rise on Thursday morning. But there are still more twists and turns to come.

ABC News

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?

WEKU

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

The Independent UK

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Guardian - UK

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Evening Standard

FTSE 100 Live: Bank of England rates rise decision, ASOS warns on profits

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

The Independent UK

Asia shares mixed after Fed assurance on rates lifts Wall St

Asian shares are mixed after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation

Asharq Al-Awsat

Oil Prices Move Higher on Tight Supplies, Firm Demand Outlook

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a US rate hike sparked fears of slower economic growth and less fuel demand. Brent crude futures rose 77 cents, or 0.7%, to $119.28 a barrel by…

The Independent UK

Fed's aggressive rate hikes raise likelihood of a recession

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it

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news in one place.

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The Hindu

Morning Digest | 17 Opposition parties to field a candidate for Presidential poll; ED summons Rahul again tomorrow, and more

A select list of stories to read before you start your day

Benzinga

Bitcoin, Ethereum, Dogecoin Buoyant After Fed Rate Hike: Are Cryptos Catching Up With Stocks?

Bitcoin and Ethereum traded higher at press time on Wednesday evening as the global cryptocurrency market cap rose 4% to $974.2 billion.

ABC News

The ABC's experts give their take on the US rate rise and today's jobs figures and what that means for you — as it happened

The US central bank has increased its federal funds rate by 0.75 per cent in its biggest hike since 1994. Business reporter Sue Lannin has answered your questions on what it means for Australia.

The Guardian - AU

Shortfall warnings cancelled as units come back online – as it happened

This blog is now closed

France 24

US Federal Reserve hikes interest rates 0.75% to curb inflation

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian…

ABC News

ASX rally fizzles out as US Federal Reserve hikes key interest rate, and Australian dollar surges above 70 US cents

Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally. And the national unemployment rate stayed steady…

Bangkok Post

How far should interest rate hikes go?

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

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