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The Latest Breaking News from Jerome Powell

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

The Independent UK

Asia tracks Wall Street decline

The Stock Exchange of Thailand (SET) and most Asian bourses sagged yesterday, tracking overnight declines on Wall Street, as the Federal Reserve reiterated that US interest rates next year will be higher than previous market estimates, raising fears of a recession.

Bangkok Post

'Big Short' Michael Burry Sends an Alarming Warning to Investors

The legendary investor has just posted a message that might discourage investors from buying stocks.

The Street

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Stock Market Losses Steepen, Retail Sales Numbers Spook Investors

Netflix dropped 8% after news it is refunding money to advertisers due to lagging viewership numbers. The Dow Jones dropped over 800 points.

Investors Business Daily

5 takeaways from the front lines of the inflation fight

Inflation may be slowing, but prices are still climbing much faster than Americans are used to. The Federal Reserve's dramatic steps to bring it to heel appear to be working - somewhat.

WEKU

Stock Market Live: Stocks Close Sharply Lower As Powell, Fed Hawks Tighten Grip: Retail Sales Stumble

Fed Chair Jerome Powell poured cold water on market hopes for an end-of-year rally, signaling the need for a "higher for longer'' interest rate policy as inflation continues to lean economic growth.

The Street

Federal Reserve slows pace of rate hikes, vows to fight on against inflation

The US central bank has raised its benchmark rate to its highest level in 15 years, although at a slower clip than previously. Federal Reserve Chair Jerome Powell argues that while inflation has dipped, it is still too high to warrant a change in monetary policy. Also on the show,…

France 24

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Stocks Extend Slide, Fed Hawks, ECB Hikes, Tesla Sale, Lennar Slump - Five Things To Know

Stock futures slide as Fed hawks tighten grip; Powell pours cold water on easing hopes, says more hikes to come; ECB, Bank of England set to follow fed with 50 basis point rate hikes; Tesla extends slump as Musk dumps another $3.6 billion stake and Lennar shares retreat on softer…

The Street

Markets sink with Wall St on hawkish Fed outlook

Hong Kong (AFP) - Asian and European equities fell Thursday after the Federal Reserve signalled US interest rates would go higher than expected and warned the world's biggest economy would grow less than expected next year, fanning fears a recession is on the way.

AFP

US Federal Reserve Raises Interest Rate, Highest since 2007

The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. The central bank boosted its benchmark rate a half-point to a range of 4.25% to 4.5% and projected it would continue rising to…

Asharq Al-Awsat

Asia stocks follow Wall St down as Fed warns of higher rates

Asian shares have skidded after a retreat on Wall Street as markets showed dismay over the Federal Reserve's warning that more interest rate hikes are in store following its latest increase

The Independent UK

Asian markets sink with Wall St on hawkish Fed outlook

Hong Kong (AFP) - Asian equities fell Thursday after the Federal Reserve signalled US interest rates would go higher than expected and warned the world's biggest economy would grow less than expected next year, fanning fears a recession is on the way.

AFP

US stocks retreat as Fed says more work to do to counter inflation

New York (AFP) - US stocks declined along with the dollar on Wednesday after the Federal Reserve lifted interest rates again and signaled that it expects more hikes ahead.

AFP

Dow Jones Futures Signal More Losses On Fed Rate Hike Outlook; Elon Musk Sells More Tesla Stock

Futures signal more losses on the Fed's rate hike outlook. Elon Musk disclosed more Tesla stock sales as shares plunge to two-year lows.

Investors Business Daily

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AFP

US Fed downshifts campaign to tame inflation but still 'some ways to go'

Washington (AFP) - The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point though warning there is still "some ways to go."

The Independent UK

Markets fall as Fed raises interest rate by half a point

Fed chair Jerome Powell signalled further pain was in store for the stock market as inflation remains stubbornly high

Chicago Sun-Times

Fed hikes key rate by half-point and signals more to come

The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year.

Tribune News Service

Powell says Fed still has a ‘ways to go’ after half-point hike

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

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news in one place.

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AFP

US Fed downshifts all-out campaign to tame inflation

Washington (AFP) - The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy.

WEKU

The Fed continues its crackdown on inflation, pushing up interest rates again

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

AFP

Markets muted before expected US rate hike

London (AFP) - Caution reigned on stock markets on Wednesday ahead of an expected interest rate hike from the Federal Reserve as inflation remains at decade-high levels despite moderate slowdowns.

The Street

Stock Market Live: Stocks End Lower On Fed Rate Hike, Hawkish Signals

The Fed's closely-tracked 'dot plot' projections see rate hikes peaking at 5.1% in the spring, and staying there until the end of 2023.

Investors Business Daily

Dow Jones Rises Ahead Of Fed Rate Hike, Powell Comments; Best Buy Drops On Downgrade

The Dow Jones rose Wednesday ahead of the Fed's rate hike decision and Fed Chair Jerome Powell's comments. Tesla continues to drop.

Investors Business Daily

Fed Meeting: Key Interest Rate May Hit 5.1% In Mildly Hawkish Surprise; S&P 500 Falls

The Fed meeting signaled that policymakers plan to hike their key interest rate higher than expected in a test for the S&P 500 rally. Stocks dived, then slashed losses.

AFP

Stocks diverge before expected US rate hike

London (AFP) - Global stock markets diverged Wednesday, with Asia rising and Europe falling before an expected interest rate hike from the Federal Reserve, with inflation around the highest levels in decades despite moderate slowdowns.

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