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The Latest Breaking News from US Federal Reserve

US economy shrinks for a second quarter, fueling recession fears

The drumbeat of recession grew louder after the U.S. economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest rate hikes stymied businesses and housing.

Tribune News Service

Yellen insists US not in recession as economy shrank 0.9 per cent in second quarter

Two negative quarters meets the informal definition of recession but many economists disagree

The Independent UK

When does a recession begin – and is the US in one now?

Question weighs on consumers, politicians and investors around the world as the Federal Reserve raises interest rates

The Guardian - US

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Federal Reserve’s dovish tilt and mega-tech earnings dominate markets this week

In this week's top market news, the Federal Reserve indicates it could ease its foot off the brake pedal as US tech companies perform better than expected.

The New Daily

Sensex jumps 1,041 points, Nifty settles at 16,930: Top reasons behind today's surge

NEW DELHI: Equity indices extended gains for the 2nd straight session on Thursday and surged to 3-months high, led by gains in finance, metal and IT stocks.

The Times of India

Dogecoin Daily: Price Gets Momentum From Fed Rate Hike, Shibes Take Shots At Bitcoin

Dogecoin (CRYPTO: DOGE) traded 7% higher at $0.07 over 24 hours leading up to early Thursday. DOGE moved higher in tandem with other major coins as the global cryptocurrency marketcap shot up 8.4% to $1.06 trillion.

Benzinga

The housing slowdown is here

The housing slowdown we've been talking about for months is here.

Axios

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Asian shares, oil prices mostly higher after Fed rate hike

Shares are mostly higher in Asia after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs

The Independent UK

Morning Digest | Spectrum bids touch ₹1.49 lakh crore on Day 2 of auction; ICMR invites bids to develop vaccine for monkeypox virus, and more

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

The Hindu

Summer Crypto Relief Rally Finally Here? Trader Sees Bitcoin At $30,000, Ethereum At $2,400

Major coins rose sharply after the U.S. Federal Reserve’s policy meeting concluded on Wednesday. The global cryptocurrency market cap rose 8% to $1.05 trillion at press time.

Benzinga

A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

The Conversation

US hikes rates 0.75pc again amid ongoing inflation surge 'surprise'

Wall Street has surged after Federal Reserve chair Jerome Powell hinted rate hikes could ease, with the Australian share market following.

ABC News

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Bangkok Post

Fed's rate rises might have way to go yet

By the time this article is published, readers will know how much the US Fed funds rate has been raised for the fourth time this year. It does not really matter whether the rate is raised by 0.75% or 1% this time because the Fed will need to keep raising…

Benzinga

Experts React To 0.75% Fed Rate Hike: 'Don't Think They Will Pause'

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.

The New Daily

Alan Kohler: The Reserve Bank is a renovator’s delight

The most controversial task of the panel reviewing the Reserve Bank will be to decide whether Governor Philip Lowe committed a sackable offence.

The Independent UK

How the Federal Reserve's rate hikes affect your finances

Higher mortgage rates have sent home sales tumbling

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The Independent UK

Federal Reserve hikes interest rates 0.75 per cent for second time in two months

Another ‘unusually large’ hike possible to tackle inflation, depending on data, but increases will likely slow, says Fed Chair Powell

Benzinga

Dow Rises 150 Points As Fed Boosts Rates By 0.75 Percentage Points

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 150 points on Wednesday.

Axios

US Fed raises interest rates another 0.75 points, sees economy softening

A series of rate hikes, intended to bring down inflation, have increased the risk the United States will fall into recession.

Benzinga

Nervous About Interest Rate Hikes? These 3 Under-the-Radar, Tax-Advantaged Securities Offer Yield Up to 14%+

For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.

Benzinga

These Companies Stand to Profit The Most From Interest Rate Hikes

The Fed raised rates in the U.S. multiple times in 2022, including this week's 0.75% increase. Recent history shows that raising rates is nothing new; however, long-term analysis shows the historic rate increase in June was unprecedented.

StockNews.com

2 Stocks Worth Their Weight in Gold

Gold has underperformed the greenback this year. However, if the Fed nears the end of its rate hike cycle due to deepening signs of an economic slowdown, the precious metal might find support as a hedge. Hence, the stocks Centerra Gold (CGAU) and B2Gold (BTG) might be worth their weight…

Tribune News Service

US economy seen narrowly averting back-to-back contractions

The U.S. economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.

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