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The Latest Breaking News from Jerome Powell

Americans likely saw little relief from inflation in April

After steadily declining for nearly a year, consumer price data to be released Wednesday will likely show that U.S. inflation remained stubbornly high in April, a sign that it might be entering a newer, stickier phase

The Independent UK

America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money

If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit.

Fortune

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK

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April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

US employers added 253,000 jobs in April showing jobs market remains robust

April broke downward trend in growth of labor market, which has been slowing over the last few months

The Guardian - US

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The Independent UK

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

WEKU

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Build Up Your Portfolio’s Defense With These 3 Highest Yielding Dividend Aristocrats!

In Focus: 3 High-Yielding Dividend Aristocrats To Check Out Today

Barchart

Build Up Your Portfolio’s Defense With These Dividend Aristocrats!

In Focus: 3 High-Yielding Dividend Aristocrats To Check Out Today

Barchart

Stocks Set to Open Lower as Investors Weigh Fed Rate Decision, Apple Earnings on Tap

June S&P 500 futures (ESM23) are down -0.36%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.03% this morning after three major U.S. benchmark indices ended the regular session in the red as market participants digested Federal Reserve Chair Jerome Powell’s comments following the central bank’s widely expected 25…

Barchart

Stocks Set to Open Mixed as Investors Weigh Fed Rate Decision, Apple Earnings on Tap

June S&P 500 futures (ESM23) are down -0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning after three major U.S. benchmark indices ended the regular session in the red as market participants digested Federal Reserve Chair Jerome Powell’s comments following the central bank’s widely expected 25…

Barchart

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

The Guardian - UK

Stocks Set to Open Mixed as Investors Weigh Fed Comments and Economic Outlook, Apple Earnings on Tap

Barchart

Corporate Earnings Show Consumer Companies Have Pricing Power

Higher interest rates haven’t stopped shoppers from spending, in a worrying sign for inflation.

Businessweek

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Bangkok Post

Asian stocks shrug off latest Fed hike

Asian stocks and US futures edged higher on Thursday as investors brushed aside US Federal Reserve comments that interest rates won’t fall this year and instead looked ahead to eventual policy easing.

The Independent UK

Stock market today: Asian markets higher after US rate hike

Asian stock markets are mostly higher after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it isn’t sure what may come next

The Times of India

Federal Reserve can’t protect US economy from debt default: Jerome Powell

WASHINGTON: Federal Reserve Chair Jerome Powell said the failure to raise the US government debt limit would be unprecedented and have highly uncertain and negative effects on the economy.

ABC News

Markets as it happened: ASX closes down as US Federal Reserve raises interest rates

Australian shares closed down weighed down by bank stocks. NAB reports cash profit jump of 17 per cent but its shares slumped as the result was below market expectations.The US Federal Reserve raised interest rates by another 0.25 of a percentage point. Keep up with market events and insights from…

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The New Daily

US central bank lifts rates to highest in 16 years

The Federal Reserve has raised interest rates by a quarter of a percentage point and signalled it may pause further increases.

Kiplinger

Fed Lifts Interest Rates Yet Again: What the Experts Are Saying

Although the Fed raised interest rates for a 10th consecutive meeting, it finally opened the door to a pause in its tightening campaign.

WEKU

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

Bangkok Post

Fed likely to hike rates again as bank fears resurface

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.

Bangkok Post

SVB's collapse shows Fed failure to supervise banks

The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the US banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome…

The Independent UK

Fed is set to raise rates yet again. After that, then what?

The Federal Reserve is on track to raise its benchmark interest rate for the 10th time Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades

Fortune

JPMorgan created a Fed-whispering A.I. model to help investors stay on top of the market

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”

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