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The Latest Breaking News from Jerome Powell

Fed keeps rates unchanged for first time in 15 months as inflation slowly eases

The Federal Reserve’s move to leave its benchmark rate at about 5.1% suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.

Chicago Sun-Times

Fed Leaves Interest Rates Unchanged: What the Experts Are Saying

The Federal Reserve stood pat on interest rates but left the door open to future hikes.

Kiplinger

Federal Reserve Meeting Shock: Two More Rate Hikes Eyed; S&P 500 Hangs Tough

The Federal Reserve expects to hike its key rate two more times, delivering an unwelcome surprise to Wall Street. The S&P 500 fought back.

Investors Business Daily

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Watch Live: Jerome Powell Explains Fed Pause, Outlines Future Rate Hikes

Watch Jerome Powell explain the Fed's rate decision and outline the path forward for future rate decisions.

The Street

What CFOs need to know about the latest inflation and wage growth data

Economists weigh in on interest rates and new research that points to labor costs having a small effect on overall inflation.

Fortune

Fed Preview: 'Hawkish Pause' on Rate Hikes Seen as Inflation Fight Continues

"A decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle," Fed vice chair nominee Philip Jefferson cautioned late last month.

The Street

Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come

The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation

The Independent UK

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Michael Hiltzik: Wage growth doesn't drive inflation. So why is the Fed out to crush workers?

Federal Reserve Chairman Jerome Powell and his colleagues have made major mistakes in their battle with inflation.

Los Angeles Times

Dow Jones Futures Fall: Fed Decision Due As Nasdaq Looks Extended; What Investors Need Now

The Nasdaq and S&P 500 are at 2023 highs with breadth expanding heading into the Fed decision. Here's what investors need. now.

Investors Business Daily

US inflation slows, giving room for Fed to pause rate hikes

U.S. inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week.

Tribune News Service

CPI Inflation Rate Falls To 4%; S&P 500 Gains As Fed Rate-Hike Odds Slip

The CPI inflation rate tumbled, but core prices remained firm. The S&P 500 rose as investors wait to hear from the Fed.

Investors Business Daily

Cheaper eggs and gas lead inflation lower in May, but higher prices pop up elsewhere

Inflation cooled slightly in May, thanks in part to falling gas and egg prices. But the overall cost of living is still climbing faster than the Federal Reserve would like.

WEKU

Stocks Edge Higher, Inflation On Deck, Oracle Earnings, Apple Rating Cut, Intel Arm Interest - 5 Things To Know

Stock futures higher with Fed rate decision in focus; Inflation data on deck as markets bet on June rate 'skip'; Oracle shares at fresh record high after Q4 earnings beat; Apple shares slip as UBS lowers rating on softening iPhone demand and Intel shares gain on reports of anchor interest…

The Street

Fed Meeting: 'Hawkish Pause' May Cap Upside For S&P 500

This week's Federal Reserve meeting may undo May's dovish policy shift, pointing to a July rate hike and chilling the S&P 500 rally.

Investors Business Daily

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Businessweek

Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy

A look at the four variables that will tell us whether the country dodges a recession or becomes mired in stagflation.

The Street

What Is a Credit Crunch? Why Is It Bad?

What Is a Credit Crunch in Simple Terms?Simply put, a credit crunch is a time during which it is more difficult than usual to obtain a loan. The credit environment has tightened, which means that, for whatever reason, the amount of available credit has been reduced. Banks are more reluctant…

StockNews.com

Looking for Stable Income? Keep an Eye on These 3 Dividend Stocks

Amid macroeconomic headwinds of restrictive monetary policy and tighter credit standards, market volatility is expected to persist. Amid this backdrop, it could be wise to add dividend-paying stocks Canadian Natural Resources (CNQ), Eastman Chemical (EMN), and Whirlpool (WHR) to one’s watchlist. Keep reading.

Fortune

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

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Zenger

Fed’s Favorite Inflation Gauge Exceeds Expectations, Fueling Fear Of New Rate Hikes

The U.S. PCE price index rose 4.4% and Core PCE price index rose 4.7% year-over-year in April

Investors Business Daily

The Key Fed Inflation Rate Heats Up, Lifting Rate-Hike Odds; The S&P 500 Shakes It Off

The Federal Reserve's key inflation rate climbed in April. That may bolster the case for a rate hike. Still, the S&P 500 is climbing.

Fortune

‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

Jefferies’s David Zervos says Jerome Powell’s critics are nothing more than “Armageddonistas” who are “in desperate need of a fresh beatdown.”

Barchart

Stocks Set to Open Higher as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.12% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Stocks Set to Open Lower as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.14% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Stocks Set to Open Mixed as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.01% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

The Independent UK

Stock market today: Asian shares mostly rise despite worries about US debt talks

Asian shares mostly drifted higher Monday as investors fretted whether the United States government would be able to reach a deal to avoid a federal default

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