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The Latest Breaking News from Jerome Powell

Stock Market Today: Stocks End Lower As Fed Muddies Rate Hike Forecasts

Stocks finished lower Thursday, amid seemingly mixed messages from the Fed as traders re-set rate hike forecasts in the wake of Chair Powell's hawkish press conference.

The Street

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Benzinga

First Thing: Biden urges Americans to take a stand against political violence

President asks voters to reject election-denying candidates in midterms to ‘preserve democracy’. Plus, can Twitter survive Elon Musk?

The Guardian - UK

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How Jerome Powell Swung The Market Pendulum As He Went From 'Dovish' And 'Pivot' To Most 'Hawkish'

What a difference a day can make! This rang true for the market, which went from euphoria to despair within a day.

Benzinga

Stocks Lower in Fed Wake, eBay, Roku, Qualcomm And Starbucks In Focus - Five Things To Know

Stock futures lower as markets re-set Fed rate destination; eBay surges after earnings beat, solid holiday outlook; Roku plummets on bleak holiday outlook amid fall ad sales; Qualcomm slumps as muted smartphone outlook clouds Q3 earnings beat and Starbucks earnings likely to focus on China growth, U.S. Wage talks.

The Street

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

The Guardian - UK

Larry Summers Is All Praise For Fed's Powell: 'Framed Issues Right, Pointed Toward Appropriate Policy'

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.

Benzinga

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A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.

If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.

Reason

Powell: Rate hikes may slow, but inflation fight hardly over

Federal Reserve Chair Jerome Powell sought to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections

The Independent UK

Apple, Amazon, Tesla, Ford, AMD: Hawkish Fed, COVID-19 Woes Spur Retail Interest In These Stocks Today

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement.

Benzinga

ASX falls sharply, Wall Street slumps as Federal Reserve keeps raising rates aggressively

Australian shares close sharply lower, after the US Federal Reserve delivers another 0.75-of-a-percentage-point rise and gives no indication of when they will stop, sending Wall Street tumbling.

ABC News

Dow Jones Futures Fall: Market Rally Reeling As Fed's Powell Signals Higher Peak Rate

Futures fell after the stock market sold off Wednesday on Fed chief Jerome Powell hinting at slower rate hikes but also a higher peak rate.

Investors Business Daily

Powell Spooks Stocks With Comments on More Fed Rate Hikes

Hopes that the central bank would pivot away from its efforts to raise rates are dashed.

The Street

Why The Fed's Language On Interest Rates Is Moving Markets Wednesday: 'We Will Stay The Course Until The Job Is Done'

The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after the Federal Reserve raised its benchmark rate by 0.75% for the fourth&

Benzinga

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Al Jazeera

US Fed delivers big rate hikes, signals next one could be smaller

It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion.

The Independent UK

Federal Reserve announces fourth straight interest rate hike to combat inflation

Federal Reserve Chairman Jerome Powell warns ‘we still have some ways to go’ on curbing inflation

Chicago Sun-Times

Fed unleashes another big interest rate hike but hints at a pullback

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year.

Tribune News Service

Fed hikes again by 75 basis points, hints at entering end phase

Federal Reserve officials delivered their fourth straight 75 basis-point interest-rate increase while also signaling their aggressive campaign to curb inflation could be approaching its final phase.

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Tribune News Service

Powell sees higher peak for rates, path to slow tempo of hikes

Federal Reserve Chair Jerome Powell opened a new phase in his campaign to regain control of inflation, saying US interest rates will go higher than previously projected, but the path may soon involve smaller hikes.

Investors Business Daily

Fed Signals Slower Hikes But Higher Top Rate; S&P 500 Dives

The Fed hinted that rate hikes are about to slow. But Chair Jerome Powell said the top rate may go higher than expected, sinking the S&P 500.

Investors Business Daily

Powell Leaves Door Open For Moderating Hike: Dow Jones Rally Fizzles on 75 Bps Hike;

Dow Jones fell after Powell's rate hike by 75 bps; markets are uncertain about future moderation: the Fed policy statement left it open

The Street

When Fed Raises Interest Rates, Market Repeatedly Reacts Like This

Daily market behavior during Fed meetings where interest rates are increased is captured by charting the SPDR S&P 500 ETF Trust.

The Independent UK

How steep fed rate hikes affect your finances

Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase

Benzinga

Wall Street Braces For Another 0.75% Interest Rate Hike Wednesday After Private Payrolls Growth Comes In Hot

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% on Wednesday morning morning ahead of a critical Federal Open Market Committee interest rat

Investors Business Daily

Dow Jones Falls Ahead Of Fed Decision, Powell Comments; AMD Rallies On Earnings

The Dow Jones Industrial Average fell Wednesday ahead of the Federal Reserve's interest rate decision, along with Fed Chair Powell's comments.

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