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The Latest Breaking News from Jerome Powell

Coffee And Crypto: The First Short Bitcoin ETF Has Arrived

The worldwide cryptocurrency market capitalization is at $912.7 billion Thursday, up from $893.8 billion on Wednesday morning. An ETF For Shorting Bitcoin: Bearish on Bitcoin? ProShares has you covered.

Benzinga

Recession fears and high inflation top this week’s big market events

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

The New Daily

Stock Market Today - 6/23: Stocks Close Higher; Oil, Treasury Yields Retreat Amid Recession Risk

U.S. stocks, on pace for their worst first have performance in more than 50 years, look set to edge higher Thursday despite looming concern for a near-term recession.

The Street

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'Putin's Price Hike?' Fed Chair Powell Doesn't Seem To Be Onboard With Joe Biden's Narrative

Joe Biden has often attributed hikes in the price of gas and food to Vladimir Putin's invasion of Ukraine, but Federal Reserve Chair Jerome Powell broke away from the U.S. President's narrative at his Congressional appearance.

Benzinga

Stocks Higher, Elon Musk, Warren Buffett, JPMorgan And FedEx - Five Things to Know

Stock futures bump higher, growth worries hit oil, treasury yields; Elon Musk says Tesla factories 'gigantic money furnaces'; Occidental shares edge higher as Buffett adds to stake; JPMorgan cuts mortgage jobs as housing market cools and FedEx shares edge lower ahead of Q4 earnings.

The Street

Markets Fluctuate, Oil Falls again as Recession Warnings Build

Asian markets struggled Thursday to recover from the previous day's battering, while oil extended losses, after Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation. Soaring prices and central banks' battle to rein them in have sent…

Asharq Al-Awsat

Asian stocks higher after Wall St declines on growth worries

Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation

The Independent UK

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Bitcoin, Ethereum, Dogecoin Slip: Fed's Powell Stirs Recession Fears, But Is Crypto Selloff Showing 'Exhaustion?'

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time.

Benzinga

ASX rises, Wall Street slips as Jerome Powell says US recession is a 'possibility'

The Australian share market edges higher, while Wall Street falls slightly after the US Federal Reserve chairman Jerome Powell tells a Senate committee that a “soft landing” for the US economy will be difficult.

ABC News

Dow Jones Futures: New Market Rally Struggles For Direction; 5 Stocks Near Buy Points

The market rally rebounded from losses but gains faded. Five stocks from a hot sector are near buy points.

Investors Business Daily

"Gas Out", Gas Tax Holiday, and More: Will it Work?

Amidst a series of efforts to stem the tide of high fuel prices, the energy sector has pulled back swiftly. Is this the top, or is there more upside to come?

The Street

Dow Jones Fades Gains Into Close After Powell's Recession Warning

Indexes were on track to close higher Wednesday but slipped back into the negative near the end of the session.

Investors Business Daily

3 Things You Need To Know Today

Happy Wednesday Zingernation! All major indices are in the red going into the open. But, Jerome Powell is testifying to the senate at 9:30 am ET, so things could quickly change. Yesterday was a great day for the overall market, with the S&P 500 finishing up more than 2%. Tesla…

Benzinga

Powell says recession 'a possibility' but not likely

Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.

WEKU

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Investors Business Daily

Dow Jones Up As Powell Gives This Recession Warning; Bitcoin Crumbles Again; 3 Stocks Eye Buy Points

The Dow Jones rose despite a recession warning from Fed Chair Jerome Powell. Bitcoin tumbled again. Apple stock rose after a bullish call.

Benzinga

Fed Chair Jerome Powell's Thoughts On Cryptocurrency: 'The Same Activity Should Have The Same Regulation'

Federal Reserve Chair Jerome Powell began his two days of testimony before the U.S. Congress on Wednesday. This meeting on Capitol Hill follows the 8.6% uptick in the consumer price index (CPI), which came out last month — this was the highest increase since December 1981.

Tribune News Service

Powell says soft landing ‘very challenging,’ recession possible

Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that steep rate hikes could tip the US economy into recession, saying one is possible and calling a soft landing “very challenging.”

Axios

Fed chair says recession a "possibility" amid inflation battle

"It is not our intended outcome at all," Powell told lawmakers on Wednesday.

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Investors Business Daily

Stock Market Mixed As Powell Testifies To Congress; Oil Stocks Resume Slide

The stock market was mixed Wednesday as Fed Chairman Jerome Powell defended the Fed's monetary policy before Congress.

The Guardian - US

Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation

Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’

Benzinga

Jerome Powell Tells Congress The Fed Is 'Moving Expeditiously' To Fight Inflation

Federal Reserve Chair Jerome Powell rehashed the central bank's desire to cool down inflation on Wednesday as part of a congressionally mandated semiannual report on monetary policy.

Investors Business Daily

Stock Market Reverses Higher As Powell Testifies; This Growth Index Plunges 3.6%

Stock market indexes reversed higher after opening lower Wednesday, as Fed Chairman Jerome Powell made a report on monetary policy to Congress.

The Independent UK

Powell: Fed will decide on rate hikes 'meeting by meeting'

Federal Reserve Chair Jerome Powell underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank’s fight against surging prices could tip the economy into recession

Investors Business Daily

Dow Jones Rises, Techs Lead As Fed Chief Powell Minimizes Recession Risks

Stocks turned mixed as Fed chief Jerome Powell minimized recession risks before Congress. But crude oil and bond yields tumbled.

The Street

Stock Market Today - 6/22: Stocks End Lower, Inflation Woes Mount: Powell Faces Grilling On Capitol Hill

Stocks finish see-saw session slightly lower after recovering from sharp slide early in the day.

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