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The Latest Breaking News from Jerome Powell

"Are you actually bullish now?". That was the question I got from StockNews CEO Steve Reitmeister late last week after I published my commentary for my POWR Stocks Under $10 newsletter. Even though he and I differ about our respective stock market (SPY) outlooks from time to time, I think…

StockNews.com

Even Larry Summers thinks we might avoid a recession after months of gloomy predictions: 'Soft landings are a triumph of hope over experience, but sometimes hope does triumph'

Former Treasury Secretary Larry Summers said in September that there was a 75% chance of a U.S. recession. But after the latest inflation data, he says he's a little more hopeful.

Fortune

Fed's Powell tests positive for COVID, has 'mild' symptoms

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing “mild symptoms,” the Federal Reserve announced

The Independent UK

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read the most diverse news in one place.

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

The Guardian - US

US rate of inflation falls to 6.5 per cent

Drop from 7.1% in November raises hopes that the worst of the inflation storm could be over

Evening Standard

The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That's up from 13% in the fourth quarter of 2022.

Fortune

What is ‘supercore’ inflation? Economists are obsessing over a narrow slice of price data

Economists think excluding sectors like housing gives a better idea of what’s really happening with inflation.

Fortune

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Stock Market Live: Stocks End Higher With Inflation In Focus; FAA System Failure Grounds Flights

Stocks end higher Wednesday ahead of a key 10-year bond auction later in the session and tomorrow's crucial December inflation report.

The Street

Fed Chair Jerome Powell Goes Quiet As Bond Markets See Recession, Rate Cuts

Federal Reserve Chairman Jerome Powell said nothing about rate hikes during a speech in Stockholm Tuesday. His silence spoke volumes.

The Street

Stocks Higher, 10-Year Auction, Tesla, Apple, WWE - Five Things To Know

Stock futures higher as Powell avoids rate bet pushback; Treasury's 10-year bond auction in focus as CPI data looms; Tesla seeks permission for $775 million Texas factory expansion; Apple looking to use in-house display screens amid self-reliance push and WWE shares extends gains as Vince McMahon tightens control grip.

The Street

ASX gains despite higher inflation, job-vacancies dip, and World Bank warns of looming recession — as it happened

The cost of living continues to climb and employers are still scrambling to find workers, but the Australian share market has jumped 1 per cent thanks to big miners and a rise on Wall Street.

ABC News

Stock Market Holds Gains; Chip Stock Breaks Out

The stock market held afternoon gains as a server and storage stock flashed a sell signal. Air pollution control stock broke out of a base.

Investors Business Daily

Powell vows to limit Fed’s climate role to protect independence

Federal Reserve Chair Jerome Powell sought to draw a line around how far the central bank will use its powers to promote a greener economy, vowing it will not be a climate regulator.

Tribune News Service

Federal Reserve chair Jerome Powell says central bank will not be a "climate policymaker"

The comments were part of a larger speech on the importance of an apolitical Fed.

Axios

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The Independent UK

Powell: Fed has only narrow role to play on climate change

The Federal Reserve has a limited role to play combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks to take steps to limit lending to energy companies

Fortune

A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what's next for rates

There are only three levers that can depressurize affordability: Rising incomes, falling home prices, and falling mortgage rates.

Investors Business Daily

Dow Jones Rises Amid Powell Comments; Boeing Slides On Downgrade

The Dow Jones rose Tuesday amid Fed Chair Jerome Powell's comments. Aerospace giant Boeing slid on a downgrade.

The Street

Stock Market Live: Stocks End Higher As Powell Sidesteps Inflation Debate

Fed Chair Jerome Powell addressed a central banking conference in Stockholm Tuesday, but declined to address market reaction to signals of slower near-term inflation.

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The Street

Stocks Slip Lower, Powell Speech, Pfizer Oak Street, Microsoft - Five Things To Know

Stock futures slip lower on hawkish Fed signals; Powell speech in focus as rate bets test tightening path; Pfizer may sell Covid treatment in China through local partner; Oak Street Health soars on $10 billion CVS takeover report and Microsoft said to eye $10 billion OpenAI investment.

Investors Business Daily

Dow Jones Reverses Lower Ahead Of Powell Speech; 7 Best Stocks To Buy And Watch

Dow Jones futures were little changed ahead of Fed chief Powell's speech. The Dow Jones Industrial Average reversed lower Monday.

Fortune

America might just do the impossible and avoid a recession, according to top economist Mark Zandi

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

The Street

Stock Market Live: Stocks End Mixed, Dollar Slides, Yields Tumble Amid Inflation Focus

Stocks end mixed amid improving inflation prospects heading into the fourth quarter earnings season.

The Street

Stocks Edge Higher, Inflation, Goldman Sachs, Macy's, Brazil Riots - Five Things To Know

Stock futures edge higher with inflation data in focus; Week Ahead: Powell speech, earnings, CPI on deck; Goldman Sachs to being job cuts later this week; Macy's shares slump as retailer cautions on holiday spending and Brazil President Lula vows to investigate capital riots.

The Independent UK

Another strong month of hiring would put Fed in tough spot

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists

Investors Business Daily

Jobs Report: Slower Hiring May Lift S&P 500, But Fed Warns Against Market Rally

The S&P 500 fell on Thursday as investors grew cautious ahead of Friday's jobs report, which could determine the size of the next Fed rate hike.

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