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The Latest Breaking News from US Federal Reserve

Treasury Secretary Janet Yellen: "I was wrong about the path inflation would take"

"There have been unanticipated and large shocks to the economy that have boosted energy and food prices," she told CNN.

Axios

BTS-mania sweeps the White House as boy band speaks on anti-Asian hate

Young fans peer through the gates while K-pop sensations meet the president and address the press

The Guardian - US

Stocks to Avoid: 3 Popular Companies That Recently Initiated Cost-Cutting Measures

Technology stocks have suffered a massive sell-off this year on investor concerns about the Federal Reserve's aggressive interest rate increases to fight record-high inflation, ongoing geopolitical crises, and a potential economic slowdown. Several hard-hit tech companies have initiated cost-cutting measures of late. Thus, it could be wise to now avoid…

StockNews.com

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read the most diverse news in one place.

US Consumer Confidence Is Falling: What It Means For Investors

Persistently elevated inflation and a slowing economy are taking their toll on U.S. consumer confidence, and it could spell bad news for the SPDR S&P 500 ETF Trust (NYSE: SPY).

Benzinga

Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation

Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.

Reason

Biden underscores Fed’s ‘independence’ during Powell meeting

The White House is in need of solutions to quell the highest inflation in 40 years and soaring petrol and food prices.

Al Jazeera

US consumer confidence slips in May

U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation

The Independent UK

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Biden to stress Fed independence in Powell meeting, Deese says

President Joe Biden will use his meeting with Federal Reserve Chairman Jay Powell to stress that he’s giving the central bank “space to operate” independently to address the inflation crisis, White House economic adviser Brian Deese said.

Tribune News Service

Fed Report Shows Who's Actually Using Crypto and How

Millions of lower-income or unbanked people are more likely to use cryptocurrency as a payment method.

Reason

Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United States

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia.

The Conversation

Biden to meet Fed chair as inflation bites pocketbooks

President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks

The Independent UK

Biden to meet with Powell to discuss economy as inflation bites

WASHINGTON — President Joe Biden will hold a rare Oval Office meeting on Tuesday with Federal Reserve Chair Jerome Powell amid the highest inflation in decades, which has angered Americans and hurt his standing with voters.

Tribune News Service

Market Wrap: ASX200 set to start the week on a high, while Omicron and floods decelerate growth

The ASX200 locked in a second straight week of gains closing 0.5 per cent higher at 7182, supported by gains in the materials and financial sectors.

The New Daily

Miner, tech shares lift ASX higher; AGL tumbles on demerger collapse; ACCC sues Mastercard

Australian shares have risen, led by gains in technology stocks tracking a Wall Street rally and mining stocks on new strength in commodity prices, while AGL Energy fell on withdrawing plans for its demerger.

ABC News

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Bangkok Post

Shares rise on relief over Fed stance

Recap: Global shares rose yesterday, heading for a gain on the week, after minutes from the last Fed meeting suggested the US central bank may get less aggressive on monetary policy tightening.

Tribune News Service

US wage increases show signs of peaking in welcome sign for Fed

U.S. wage growth looks to be peaking, a heartening development for the Federal Reserve if not for American workers.

The Independent UK

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020

StockNews.com

Down 35% in 2022, is T. Rowe Price Group Now a Buy?

Investment management company T. Rowe Price Group (TROW) has been under pressure, with declining assets under management (AUM) amid rising inflation and the war in Ukraine. Its stock has slumped 35% in price this year. Also, considering the Fed’s tightening monetary policies, is TROW a buy now? Keep reading to…

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Miami Herald

The Week Ahead: The forward momentum in the job market deserves respect

The monthly jobs report is the Rodney Dangerfield of economic statistics. It gets little respect yet has a big and important audience.

ABC News

Elon Musk sued by Twitter investors for 'market manipulation', ASX follows Wall Street higher

Australian shares follow a strong lead from Wall Street, Twitter shareholders have sued billionaire Elon Musk for allegedly trying to manipulate the company's share price, while Telstra pays $11 million in compensation for breaching telco industry rules.

StockNews.com

Down More Than 45%: 2 Buy-Rated Stocks Snatch Up Now

Concerns over high inflation, the Fed's hawkish monetary policy, and the potential for the economy to slide into a recession have caused the market to suffer a significant correction of late. But the current downtrend could be a great opportunity to scoop up shares of quality companies LiveRamp Holdings (RAMP)…

StockNews.com

5 High Growth Stocks to Buy Amid a Volatile Market

Concerns over aggressive interest rate hikes to fight the multi-decade high inflation and a looming recession have recently kept the stock market under pressure. However, growth stocks Taro Pharmaceutical (TARO), Superior Industries (SUP), Viavi Solutions (VIAV), CEVA (CEVA), and SMART Global Holdings (SGH) are well-positioned to rebound.

Benzinga

As American Natural Gas Prices Start To Converge With Europe's, A Hedged Bet On Them Going Even Higher.

Zoltan Poszar's Predicted Commodities Disruptions

StockNews.com

2 Outperforming Financial Stocks That Should Remain Strong Throughout 2022

The Federal Reserve’s hawkish stance–replete with interest rate increases–should benefit many stocks in the financial sector by helping them generate more interest income. Therefore, we believe that adding fundamentally sound financial stocks Unum Group (UNM) and First BanCorp (FBP) to one’s portfolio could be wise. These stocks have outperformed the…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

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