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The Latest Breaking News from Jerome Powell

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

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

The Independent UK

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.

Chicago Sun-Times

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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.

Tribune News Service

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.

WEKU

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.

The Street

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

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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.

Investors Business Daily

Fed Preview: Powell To Play Spoiler As Bulls Tease Rate Cut Bets Amid Slowing Inflation, Recession Fears

Fed Chair Jerome Powell could reprise his role as chief market spoiler Wednesday as markets tease bets on 2023 rate cuts amid a sustained pullback in inflation pressures.

The Street

Fed set to extend inflation fight with 7th rate hike of 2022

After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation

The Independent UK

US core inflation slows, giving Fed some breathing room on rates

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Tribune News Service

Fed Rate Hike Looms After Market Rally Fizzles; Tesla Stock Hits New Lows As Elon Musk Admits This

A Fed rate hike looms after Tuesday's rally on tame inflation data fizzled. Tesla stock hit new lows as Elon Musk sees "macroeconomic tides."

Investors Business Daily

Vanguard announces exit from net zero climate investment alliance

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

Ballotpedia

'Santa is coming after all': Investors celebrate a cooler-than-expected inflation report

Experts say inflation has peaked and that the Federal Reserve’s interest rate hikes may end soon. Should investors jump into stocks? Or is it a trap?

Fortune

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Tribune News Service

US inflation relief is finally happening, putting Fed pause in view

U.S. inflation data offered the strongest evidence yet that price pressures have peaked, cheering financial markets and putting a pause from the Federal Reserve’s interest-rate hikes in view.

The Independent UK

US inflation slowed sharply to 7.1% over past 12 months

It was the fifth straight slowdown

Investors Business Daily

CPI Inflation Rate Dives, Lifting S&P 500; But Will The Fed Care?

The CPI inflation rate dived to a 12-month low. The S&P 500 surged on the news, but faded. The Fed, focused on wage growth, will keep hiking.

The Guardian - US

US cost of living continues to rise but inflation appears to finally be slowing

Latest consumer price index figures showed prices rising by 7.1% from last November, down from 40-year high of 9.1% in June

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WEKU

Inflation dips in November, as gasoline savings eclipse grocery price increases

A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.

The Independent UK

US inflation report may show further slowing of price spikes

A high-profile report on inflation to be released Tuesday morning could show another month of cooling prices and add to evidence that the pressures on American households are gradually easing

Fortune

All eyes are on Tuesday's crucial inflation report. Here's how the Fed, the economy, and markets may respond

Investment banks see inflation falling in November, but that may not be enough to protect the U.S. economy from a recession.

Investors Business Daily

Fade The CPI; This New Fed Inflation Chart Is Key For S&P 500

The Fed has a favorite new core inflation chart. While soft CPI data may lift the S&P 500, it may not avert a hawkish surprise a day later.

Fortune

The U.S. housing market heads into 2023 still in correction mode—these 2 charts show what's happening to home prices

The U.S. home price correction is sharper—and more widespread—than previously thought.

The Conversation

Fed wants inflation to get down to 2% – but why not target 3%? Or 0%?

What’s so special about the number 2? Quite a lot, if you’re a central banker – and that number is followed by a percent sign.

Investors Business Daily

Dow Jones Futures: Market Rally Gets Ready For Inflation, Federal Reserve Tests; Amgen To Buy Horizon Therapeutics

The market rally faces big tests with the upcoming CPI inflation report and Federal Reserve meeting. Here's what to do.

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