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The Latest Breaking News from Jerome Powell

A global recession looks increasingly likely – but here’s how Australia could escape it

If the US pushes up interest rates to the point where it’s about to bring on a recession, Australia would be well advised to stand back and not lift rates

The Guardian - AU

Stock Market Gains Evaporate; Tesla Up Despite Red Flag; Fed's Aggressive Lingo; A Musk-Twitter Deal?

Stock market indexes climbed overnight but gave up gains in the first half of Tuesday's session.

Investors Business Daily

Fed's Powell urges broader regulation for stablecoins

Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers

The Independent UK

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Stocks Rebound, Powell, Pound, Starbucks and Hurricane Ian In Focus - Five Things To Know

Stock futures rebound as dollar retreats; Powell speech in focus as Fed maintains hawkish message; Pound bounces back as Bank of England hints at support; Starbucks set to begin labor talks with unionized cafes and Hurricane Ian picks up speed, could strike Tampa as Cat 4 storm.

The Street

A global recession looks increasingly likely – but here's how Australia could escape it

Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe.

The Conversation

Cathie Wood Says Powell's 'Sledgehammer' To 'Slay' Inflation Way More Powerful Than Volcker's In 1980s: 'Fed Could Undermine Its Legacy'

Cathie Wood, the founder of ARK Investment Management, has said the current U.S. monetary policy is significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to 20%.

Benzinga

Michael Hiltzik: Painful signs emerge that Fed is moving too far, too fast with aggressive rate increases

We have a term for the intentional infliction of pain on others: cruelty. So what are we to make of the Federal Reserve Board?

Los Angeles Times

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Stock Market Today: Stocks Slump Amid FX Turmoil, Weak Bond Auction: Dow Tumbles Into Bear Market Slump

With currency markets in turmoil, the dollar is riding fresh twenty year highs and piling more inflationary pressures on major global economies.

The Street

Stocks Edge Lower, Week Ahead, Pound In Crisis, Amazon And Hurricane Ian - Five Things To Know

Stock futures edge lower amid currency market chaos; Week Ahead: Fed inflation gauge in focus as rates leap; Sterling crisis sends pound to all-time low against the dollar; Amazon follows Target in early holiday sales kick-start and Hurricane Ian bears down on Cuba, headed for Florida gulf coast.

The Street

Federal Reserve May Have Gone Too Far As S&P 500 Tests Bear Market Low

The Federal Reserve was so worried about not being hawkish enough that it probably went overboard, setting up a wild ride for the S&P 500.

Investors Business Daily

Goldman Sachs Cuts S&P 500 Price Target By 16%

While some of Wall Street's top firms are still clinging onto their bullish price targets, Goldman Sachs is reassessing.

The Street

How The FOMC Announcement Affected The Major REITS

Investors sold off shares in major real estate investment trusts (REITs) sold off after Federal Reserve Chairman Jerome Powell announced Wednesday that benchmark interest rates would go up by 0.75% to 3% and 3.25%.

Benzinga

Stock markets drop as Wall Street takes a gloomy view of the economy

The Dow dropped more than 450 points to close at the lowest level since November 2020.

WEKU

Dow Jones Breaks June Low; Powell Speaks; Crude Oil Crushed

The Dow Jones Industrial Average broke the June low on Friday while markets awaited Powell's afternoon speech.

Investors Business Daily

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Investors Business Daily

Dow Jones Sells Off Ahead Of Powell Comments As Recession Fears Mount

The Dow Jones Industrial Average sold off Friday ahead of Fed chief Powell's comments at a Federal Reserve event in Washington D.C.

Tribune News Service

Jonathan Levin: Fed splits the difference on labor market pain

The Federal Reserve is inching toward acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists.

Bangkok Post

Asian bourses slip after Fed hike

Many Asian stock exchanges deepened their losses on Thursday as currencies tanked after the US Federal Reserve delivered a third consecutive 75-basis-point interest rate cut overnight and signalled more to come through next year, sparking fears of recession.

The Street

Crypto Price Check: Bitcoin Edges Higher After Fed Action

Cryptocurrency prices are slightly higher one day after the Federal Reserve raises its Fed Funds rate.

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StockNews.com

2 Stocks You Should Take off Your Watchlist This Fall

The central bank has dished out another 75 basis-point rate hike in its efforts to tame the decades-high inflation. With a recession expected to hit the economy soon, fundamentally weak stocks Snap (SNAP) and Palantir Technologies (PLTR) might be best avoided. Read on….

Investors Business Daily

Stock Market Losses Keep Mounting; Drugmaker Pops On Upgrade

The major stock market indexes added to Wednesday's bad vibes and are trading lower on Thursday afternoon, close to lows for the day. The market is still reeling from Fed Chair Jerome Powell's comments, which have intensified fears of a recession. The Nasdaq fell 1.5%. The S&P 500 lost 0.8%.…

Axios

The Fed says this is going to hurt, but it matters who feels the pain

Higher unemployment could be on the way, the central bank suggests.

The Independent UK

More Americans apply for jobless aid

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

The Street

Stock Market Today: Stocks Extend Slide As Hawkish Fed Hike Echoes Through Global Markets

Stocks ended lower Thursday amid a hawkish Fed, Bank of Japan intervention and rate hikes from central banks around the world.

The Street

Stocks Bounce, Yen Intervention, Bitcoin, Lennar, Costco Earnings - 5 Things To Know

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

Bangkok Post

Crude oil prices fall amid recession concerns

PTT reveals Q3 oil analysis

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