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The Latest Breaking News from Jerome Powell

US hiring stays strong, complicating Fed's inflation fight

The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes

The Independent UK

Hot US job market a challenge for Fed

WASHINGTON: US employers added more jobs than forecast in November and wages surged by the most in nearly a year, pointing to enduring inflationary pressures that boost chances of higher interest rates from the Federal Reserve.

Bangkok Post

U.S. economy adds 263,000 jobs in November

The figures are the latest signal of a roaring labor market that continues to defy fears of a recession.

Axios

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The U.S. gained 263,000 jobs last month. It's good news for workers, but not the Fed

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

WEKU

ASX falls as share rally fades, economists bake in RBA interest rate rise on Tuesday

The ASX extends losses into the close, as investors take stock following yesterday's Jerome Powell-inspired share market surge and ahead of next week's Reserve Bank meeting.

ABC News

SET rides Asian market upswell

The Stock Exchange of Thailand (SET) joined an Asian rally yesterday, a day after Thailand lifted its key interest rate, as investors took heart from the Federal Reserve chairman's remarks on US rate hikes and signs China is easing its Covid-19 measures.

Bangkok Post

Mcap of BSE-listed firms at lifetime peak of Rs 289.88 lakh crore; investors wealth climbs Rs 8.96 lakh crore in 8 days

NEW DELHI: The market capitalisation of BSE-listed companies reached a fresh all-time high of Rs 289.88 lakh crore on Thursday following an ongoing rally in equities.

The Times of India

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Average long-term US mortgage rates dip third week in a row

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago

The Independent UK

US inflation indicator rises by less than forecast as spending increases

A key gauge of U.S. consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.

Tribune News Service

Fed Chair Powell: U.S. 'housing bubble' formed during the pandemic and now 'the housing market will go through the other side of that'

"So you really had a housing bubble, you had housing prices going up [at] very unsustainable levels and overheating," says Fed Chair Jerome Powell.

Fortune

3 Stocks You Won't Regret Buying in December 2022

The Fed Chairman recently indicated a slower pace of rate increases. However, many analysts still believe the economy will face a mild recession next year. Therefore, it could be wise to invest in quality stocks with solid growth prospects, such as AbbVie (ABBV), Bristol-Myers Squibb (BMY), and Lifeway Foods (LWAY).…

StockNews.com

An inflation gauge tracked by the Fed slows to still-high 6%

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

The Independent UK

1 ETF to Buy Before the End of the Year and 1 to Sell

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

StockNews.com

FTSE 100 Live: House prices down, Next lays off 133 staff after buying collapsed retailer Joules

Collapsed country fashion brand Joules is set to be bought up by retail rival Next. Joules was set to appoint administrators last month after failing to agree a financing deal to rescue the business, putting around 1,600 jobs at risk.

Evening Standard

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The Independent UK

Asian shares gain after Fed chair signals slower rate hikes

Shares have advanced in Asia after a rally on Wall Street spurred by the chair of the Federal Reserve's comments on easing the pace of interest rate hikes to tame inflation

Tribune News Service

Dow climbs 20% from low as stocks rally and inflation fears ebb

U.S. stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling U.S. inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.

ABC News

ASX jumps to seven-month high as Wall Street rallies after US Fed eyes slower rate hikes

Australian shares rally, tracking overnight Wall Street gains after the US Federal Reserve chairman said the central bank could slow its pace of interest rate hikes "as soon as December".

Fortune

Elon Musk just accused the Fed of ‘massively amplifying’ the risk of a severe recession

The Tesla and Twitter CEO has suffered major stock dips this year, but there’s little chance of a Fed pivot.

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The Guardian - US

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

Axios

Fed chair Powell: No "clear progress" toward lower inflation

"We have more ground to cover," Powell said on Wednesday.

The Independent UK

Powell: Fed to keep rates higher for longer to cut inflation

Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation

Fortune

The bad news: 2023 is likely to be even crazier. The good news: Tough times make leaders and businesses better

Fortune's conversations with top CEOs share a common thread: Major crises make leaders more resilient.

Fortune

CFOs are pulling out their recession playbooks. But persistent inflation is still a worry

“We've been operating at near recessionary production levels for the last three years,” American Axle CFO Christopher May said.

The Times of India

Markets at new peak: Sensex hits 63,000-mark for first time; Nifty ends at fresh lifetime high

NEW DELHI: Equity indices surged for the 7th straight session on Wednesday to scale new lifetime highs.

The Independent UK

Asian shares mostly higher ahead of Fed chair's key speech

Asian shares are mostly higher ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes

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