The Latest Breaking News from US Federal Reserve

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

Americans are not happy with the economy. Which is weird, given that it is doing just fine.

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

The major benchmarks rallied hard into the weekend after a mixed May jobs report and end to debt ceiling drama.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Amid the current market volatility, some stocks have managed to maintain stability thanks to their solid growth prospects. The solid growth attributes of Eaton Corporation (ETN), F5, Inc. (FFIV), and Extreme Networks, Inc. (EXTR), make them wise investments this month. Read more….

Despite the lower probability of the Fed’s rate hike in June, interest rate increases are projected to resume later this year to control persistent inflation. Amid an uncertain market backdrop, it seems wise to avoid fundamentally weak dividend stocks Realty Income (O) and Washington Trust (WASH). However, the relatively stable…

Amid several macroeconomic uncertainties and prevailing recessionary risks, the stock market will likely remain volatile in the upcoming months. Amid such a macro environment, it could be wise to invest in high-quality stocks LiveRamp Holdings (RAMP), PROG Holdings (PRG), and Proto Labs (PRLB) for significant returns. Read more….

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.