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The Latest Breaking News from Jerome Powell

Stocks Lower Ahead of GDP Data, Meta, Spirit, Ford And Apple In Focus - Five Things To Know

Stock futures lower with earnings, GDP data in focus; Meta shares tumble after Q2 earnings miss, muted ad outlook; Spirit soars after cancelling frontier deal, setting up JetBlue takeover; Ford shares leap after solid Q2 earnings, outlook hold and Apple earnings on deck amid demand, chip, China impact questions.

The Street

Powell: No recession right now, but anything's possible

Closely watched economic figures come out this morning.

Axios

US economy likely grew modestly, if at all, last quarter

After going backward from January through March, the U.S. economy probably didn’t do much better in the spring

The Independent UK

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Asian shares, oil prices mostly higher after Fed rate hike

Shares are mostly higher in Asia after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point

The Independent UK

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs

The Independent UK

Summer Crypto Relief Rally Finally Here? Trader Sees Bitcoin At $30,000, Ethereum At $2,400

Major coins rose sharply after the U.S. Federal Reserve’s policy meeting concluded on Wednesday. The global cryptocurrency market cap rose 8% to $1.05 trillion at press time.

Benzinga

A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

The Conversation

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Stock Market Mixed in Morning Trade; Fed Euphoria Fades

Commodities rose for the second day in a row, with strong advances in crude oil, copper, gold and wheat.

Investors Business Daily

US hikes rates 0.75pc again amid ongoing inflation surge 'surprise'

Wall Street has surged after Federal Reserve chair Jerome Powell hinted rate hikes could ease, with the Australian share market following.

ABC News

Dow Jones Futures Fall On 'Day 2' After Market Rallies Strongly On Powell Hints Of Slower Fed Rate Hikes

Stocks rallied strongly Wednesday after Fed chief Jerome Powell hinted at slower Fed rate hikes. Watch out for day 2 reactions

Investors Business Daily

Fed's rate rises might have way to go yet

By the time this article is published, readers will know how much the US Fed funds rate has been raised for the fourth time this year. It does not really matter whether the rate is raised by 0.75% or 1% this time because the Fed will need to keep raising…

Bangkok Post

Bitcoin Surges After Fed Rate Hike

Cryptocurrency prices rose after the Federal Reserve hiked rates by 'only' 0.75%.

The Street

Experts React To 0.75% Fed Rate Hike: 'Don't Think They Will Pause'

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.

Benzinga

Dow Jones Surges; Powell Gives This Signal Amid Big Fed Rate Hike; Google Soars, Boosts These Stocks

The Dow Jones gained after Federal Reserve Chairman Jerome Powell gave guidance on rate hikes. Microsoft and Google earnings impressed.

Investors Business Daily

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Investors Business Daily

Federal Reserve 'Might' Do Another Huge Rate Hike, But Powell Sparks Dow Jones Rally

The Federal Reserve delivered a huge rate hike, but the Dow Jones extended gains after Jerome Powell said another huge hike may or may not come in September.

The Street

Fed Delivers Back-to-Back 75 Basis Point Rate Hikes, Says Economy Starting to Weaken

"Recent indicators of spending and production have softened and inflation remains elevated," the Fed noted following back-to-back 75 basis point rate hikes.

The Independent UK

Federal Reserve hikes interest rates 0.75 per cent for second time in two months

Another ‘unusually large’ hike possible to tackle inflation, depending on data, but increases will likely slow, says Fed Chair Powell

The Street

Stock Market Today - 7/27: Stocks Surge After Dovish Fed Decision; Big Tech Powers Market Boost

A dovish Fed, alongside stronger-than-expected outlooks from Microsoft and Google, have stocks trading firmly higher into the Wednesday close.

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news in one place.

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The Street

Stocks Higher, Fed Rate Decision, Microsoft, Google and Visa In Focus - Five Things To Know

Stock futures higher as fed decision looms; Powell comments in focus as markets look for new rate signals; Microsoft leaps as bullish outlook offsets Q4 earnings miss; Google powers higher as earnings defy ad market gloom and Visa beats Q2 earnings forecast, sees no signs of spending slowdown.

Benzinga

Bill Ackman Explains Why Inflation, Not Fed Rate Hike, Is Biggest Threat To US Economy

Billionaire hedge fund manager and CEO of Pershing Square Holdings Ltd. (OTC: PSHZF) Bill Ackman explained through a series of tweets that the biggest risk to the U.S.

WEKU

Another big Fed rate hike is here to battle inflation. Economy hangs in balance

U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.

The Independent UK

EXPLAINER: How do we know when a recession has begun?

By one common definition, the U.S. economy is on the cusp of a recession

Investors Business Daily

Federal Reserve Meeting: Brace For A Splash Of Cold Water For Dow Jones Rally

The Dow Jones had rallied ahead of the Federal Reserve meeting on hopes for smaller rate hikes. But it may be too early for a pivot.

Reuters

Fed lacks systems to thwart Chinese information gathering - report

The Federal Reserve lacks adequate systems to counter a "malign" effort by China to gather inside information on the U.S. economy and monetary policy, according to a report that was prepared by Republican staff of the Senate Homeland Security Committee.

Axios

The Fed faces new political pressure as economy slows

A new op-ed from Senator Warren is a sign of the political risks ahead.

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