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The Latest Breaking News from Jerome Powell

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

Fortune

CPI Shows Rents Are Rising, Zillow Forecasting Drop In 2023; Professor Says Fed's Powell Will 'See The Light'

While consumer price index data in 2022 has been showing rent prices accelerating, Zillow Group Inc.

Benzinga

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

The Guardian - US

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The Weekly Wrap for Saturday, 5 November 2022

Let's check in on our cousins in the United States in the dying days of the 2022 midterm campaign. Both the House of Representatives and the Senate sit uncomfortably on a knife's edge.

inkl Originals

Dow Jones Futures Rise: Apple iPhone 14 Pro Production Hit; Big Meta Job Cuts Seen

Apple iPhone 14 Pro production has been hit by China Covid curbs. Meta Platforms is expected to announce big job cuts.

Investors Business Daily

Fed's Kashkari: Jobs report shows why more rate hikes needed

The solid U.S. jobs report for October underscores why the Federal Reserve needs to keep raising interest rates higher than it had previously forecast to control inflation, says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis

The Independent UK

Stock Market Rally Tumbles On Hawkish Fed Chief Powell; Jobs, Earnings Also In Focus: Weekly Review

The stock market rally tumbled after Fed chief Powell signaled a higher peak rate. The jobs report and heavy earnings also swung stocks.

Investors Business Daily

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US jobs top forecasts, wages pick up in resilient labor market

U.S. employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool it down.

Tribune News Service

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Bangkok Post

Stock Market Today: Stocks End Higher After October Jobs Data, Muted Wages: Oil Leaps On China Lockdown Bets

Solid October jobs growth, with only modest wage gains, had stocks on the move Friday as Wall Street snapped a four-day losing streak.

The Street

Jobs Report Shows 261,000 New Hires In October, Mixed Wages Data: Stocks Surge

Modestly firmer monthly wage gains, along with nearly 580,000 new hires over the past two months, suggests the domestic labor market remains solid heading into the holiday season.

The Street

Stocks Edge Higher, Jobs Data, Starbucks, PayPal And Twitter In Focus - Five Things To Know

Stock futures edge higher with jobs data in focus; October payrolls to show weaker job growth, easing wages; Starbucks jumps as solid U.S. growth offsets prolonged China weakness; Paypal slumps after muted holiday quarter forecast and Elon Musk to unveil Twitter layoffs as advertisers pause campaigns.

The Street

U.S. hiring cooled slightly in October. That could help to ease inflation

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

WEKU

Crypto Price Check: Fed Rate Hike Spurs Caution Among Traders

Cryptocurrency prices are off following the fed's decision to raise interest rates and one analyst says Fed Chair Jerome Powell ' is on a mission to bring down inflation.'

The Street

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Investors Business Daily

Dow Jones Futures Rise: Jobs Report Key For Market Rally As Apple, Google Plunge

Friday's jobs report will reinforce or ease Fed chief Powell's hawkish comments. Apple, Google were market rally drags.

ABC News

Qantas investors back Alan Joyce multi-million-dollar bonus, ASX gains after weak start

Qantas shareholders support big bonuses for executives including boss Alan Joyce, ASX regains lost ground, the Bank of England raises rates by the most in more than three decades.

Bangkok Post

Fed jolt has Asian markets on edge

Asian bourses paused on Thursday and most emerging market currencies in the region fell after the US Federal Reserve issued its fourth straight 0.75% interest rate hike, with chairman Jerome Powell suggesting the policy will continue to control inflation.

StockNews.com

2 Stocks You Shouldn't Gamble on This Fall

While the Fed’s fourth consecutive interest rate hike was in line with expectations, the extent to which the interest rate will ultimately rise has triggered a fresh bout of panic and volatility in the stock market. Given the gloomy market outlook, fundamentally weak stocks DraftKings (DKNG) and Mullen Automotive (MULN)…

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news in one place.

100’s of premium titles.
One news app.

Investors Business Daily

Jobs Report: Weak October Data May Blunt Fed Chair Powell's Hawkish Talk

Friday's jobs report may be much weaker than expected, throwing a curve ball after Fed Chair Jerome Powell tried to bury talk of a pivot.

StockNews.com

Don't Get Caught Holding Either of These ETFs

The Fed announced its fourth consecutive 75-basis-point interest rate increase yesterday and indicated that it could raise interest rates higher than expected. This is expected to keep the stock market under pressure in the upcoming months. Therefore, we think losing ETFs Ark Innovation (ARKK) and SPDR S&P Biotech (XBI) are…

Benzinga

Apple Stock Continues To Slide Following Fed Interest Rate Hike: Is The Bull Cycle Over?

Apple, Inc (NASDAQ: AAPL) was sliding in Thursday morning trading after gapping down over 2% to start the session. Thursday’s sinking prices come after a big bearish day on Wednesday, when the S&P 500 closed down 2.42%, partly driven by Apple, which lost 3.73%

Tribune News Service

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service

US jobless claims hold near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy.

Benzinga

US Jobless Claims Still At Historic Lows, But Will Fed's Rate Hike Spur Layoffs?

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels.

Axios

The Fedspeak behind Wednesday’s markets roller coaster

Markets whipsawed in the aftermath of another 0.75 percentage point rate hike on Wednesday.

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