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The Latest Breaking News from US Federal Reserve

Is the Fed Engineering a Recession to Crush Inflation?

The S&P 500 (SPY) declined more following the June CPI report which showed that inflation was worse than expected at 9.1% vs 8.8%. As a result, the odds of a 100 basis point hike at the July meeting and a 75 basis point hike at the September meeting increased. Ironically,…

StockNews.com

ASX tumbles as iron ore prices slump, and Rio Tinto warns of economic hit from Ukraine war and China slowdown

The Australian share market lost ground weighed down by heavyweight miners after iron ore prices tumbled. Rising business inflation and lower profits at big Wall Street banks weighed down US stocks.

ABC News

Fed ethics inquiry clears Powell and Clarida trades

The Federal Reserve’s inspector general concluded that financial trades made several years ago by Chair Jerome Powell and Richard Clarida, then the vice chair, did not violate any laws or ethics rules

The Independent UK

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Analysts expect huge Fed rate hike in July

Market analysts expect the US Federal Reserve to hike rates by 75 to 100 basis points at its July meeting to curb US inflation, which rose to 9.1% in June.

Bangkok Post

2 Strong Stocks That Have a High Chance of Beating the Market

The Federal Reserve’s upcoming interest rate hikes to combat high inflation are expected to affect the tech industry significantly. However, given the growing reliance on software and continued investments in this space, the industry is poised for a solid rebound. Quality software stocks Veeva Systems (VEEV) and Cadence Design Systems…

StockNews.com

4 Strong Buys You'll Regret Missing out On

Although the stock market has been on a downtrend owing to multiple macroeconomic factors, such as rising inflation and the Fed's tighter monetary policy, investors could consider stocks that have the potential to stay resilient. The strong fundamentals of Alpha Metallurgical Resources (AMR), Bayer Aktiengesellschaft (BAYRY), Valhi (VHI), and Veritiv…

StockNews.com

4 Outperforming Stocks for People Who Hate Volatility

The stock market has been experiencing immense volatility lately as investors remain concerned over the multi-decade high inflation and the Fed’s aggressive interest rates to control it. However, fundamentally sound stocks Johnson & Johnson (JNJ), Coca-Cola FEMSA (KOF), KT Corporation (KT), and Weis Markets (WMK) are outperforming the broader market.…

StockNews.com

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Fed board member opens door to 1-point hike if demand rises

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed’s key short-term interest rate later this month if upcoming economic data points to robust consumer spending

The Independent UK

Average long-term US mortgage rates bounce back up to 5.51%

Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate again

The Independent UK

4 “Strong Buy” Stocks With More Than 50% Upside

The June Consumer Price Index came in higher than expected, despite the Fed’s aggressive policy tightening. However, experts believe the market will likely end the year higher, thus providing promising buy-low opportunities now. Against this backdrop, it could be wise to invest in Strong Buy-rated fundamentally sound stocks VEON (VEON),…

StockNews.com

Pound suffers as American inflation spike spooks currency markets

The Bank of England has space for more aggressive rate rise due to positive GDP figures

Evening Standard

Strategists favour Singapore, dividend stocks in hawkish Asia

Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation and is playing catch up with its global peers.

Bangkok Post

Economists: More rate hikes won't help

After June's inflation numbers, the Fed is likely to push rates higher — at the risk of sparking a recession

Salon

Trump blames inflation on Democrats

"Our Country is so weak right now because the Radical Left Democrats have no clue what they are doing," Trump said

Salon

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ABC News

Canada has raised interest rates by 1 percentage point. Could Australia follow?

As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession.

The Independent UK

Asian stocks up after US inflation fuels rate hike fears

Asian stock markets are higher after a rise in U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth

The Guardian - AU

Global recession risk rising as economic outlook ‘darkens significantly’, IMF says

Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’

Benzinga

Bitcoin, Ethereum, Dogecoin Surge Despite Red Hot Inflation: Is Apex Crypto Showing Signs Of Stabilizing?

Bitcoin and other major cryptocurrencies rose Wednesday, brushing off hotter than expected inflation, as the global cryptocurrency market cap rose 4.6% to $902.7 billion.

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France 24

US inflation rises again, squeezing wallets and dogging Biden

U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively—trends that raise the risk of a recession.

The Independent UK

Senate approves Michael Barr to Federal Reserve post

The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday

ABC News

ASX rises; US annual inflation rises 9.1 per cent, posting largest increase since 1981

Australian shares have risen on Thursday, lifted by mining and gold companies after a sharp rebound in commodity prices, although worries over hot US inflation data and an impending rate hike capped gains.

Axios

Senate confirms Biden's pick for Federal Reserve bank cop

It's a win for the White House after a string of failed nominees for key financial regulator positions.

Benzinga

The Market Is Now Pricing In a 1% July Interest Rate Hike Following Red-Hot CPI Inflation Reading

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June, its first interest rate hike of that size since 1994. With this month's Federal Open Market Committee meeting just around the corner, the bond market is now anticipating a greater than 50/50 chance the Fed will…

The Guardian - UK

Looking at the US, the unhappy story of inflation is still far from over

A fall in oil prices is small consolation – even ignoring fuel and food, US inflation is running at 6%

StockNews.com

2 Stocks That Could Help Grow Your Portfolio in 2022

The June inflation report came hotter than expected, which could prompt the Fed to go ahead with another massive rate hike. However, experts still believe there are some opportunities for investors. And we think industry leaders Tesla (TSLA) and Sony Group (SONY) could help grow your portfolio. Read on.

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