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The Latest Breaking News from US Federal Reserve

Mohamed A. El-Erian: Powell’s comments unleash unsettling volatility

It really shouldn’t be this way, and it doesn’t need to be. Yet once again remarks by Federal Reserve Chair Jerome Powell fueled considerable volatility in markets that could risk both economic well-being and financial stability. It’s a phenomenon that not only highlights repeated policy slippages but also the lack…

Tribune News Service

Debt limit action needed by mid-August, analysts warn

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service

Step right up, hedge your currency bets

If you're planning to travel abroad, it's important to consider the foreign exchange rate to manage your personal finances, especially as the baht is increasingly volatile against the US dollar.

Bangkok Post

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Powell warns of crypto risks, but doesn't want innovation stifled

The chairman added separately in a Senate hearing on Tuesday that the Fed could accelerate rate hikes in the coming year.

Fortune

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

WEKU

Close to Retiring? These 3 Stocks Are as Safe as They Come

The Fed’s potential higher-than-expected interest rate hikes have fueled concerns among investors about a mild recession. Hence, fundamentally stable and dividend-paying stocks Walmart (WMT), BHP Group (BHP), and American Vanguard (AVD) could be particularly enticing for those nearing retirement and seeking security in their investment approach. Read more….

StockNews.com

Fed’s Powell tells senators rate hikes could go higher, come faster

WASHINGTON — Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday.

Tribune News Service

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2 High-Quality Stocks to Buy and Hold for the Next Decade

The Fed is committed to bringing inflation down by raising interest rates aggressively. This could keep the stock market under pressure in the near term. Given their strong fundamentals and growth prospects, this could be the opportune time for investors to buy high-quality stocks Cisco Systems (CSCO) and Autodesk (ADSK).…

StockNews.com

US has ‘long way to go’ to reduce inflation, Fed chair tells Congress

‘Ultimate level’ of interest rates likely higher than anticipated, Jerome Powell says in Fed’s monetary policy report to Senate panel

The Guardian - US

2 Dividend Stocks That Could Pay You for the Rest of Your Life

As the market remains volatile due to ongoing concerns about elevated inflation, prolonged rate hikes, and an impending recession, fundamentally strong dividend stocks Bristol-Myers Squibb (BMY) Gilead Sciences (GILD) might be ideal buys to ensure a stable income stream. Moreover, these stocks could be great long-term investments. Read more.

StockNews.com

Fact check: Did California’s population ‘exodus’ cause $22 billion budget deficit?

California has experienced significant population loss in recent years — but is a decline in residents to blame for the state’s budget deficit?

Tribune News Service

Bank of America CEO predicts most people won’t even notice ‘slight’ recession

Consumer spending is not slowing at the rate the Fed hoped for, Brian Moynihan said.

Fortune

Watch live: Federal Reserve chair Jerome Powell testifies before Senate committee

Watch live as the Federal Reserve chair delivers the semiannual monetary policy testimony before the Senate Banking Committee.

The Independent UK

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

The Independent UK

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Axios

Fed chair Jerome Powell opens the door to faster interest rate hikes

For the first time, Powell suggested the Fed could revert to a faster pace of hikes.

Roll Call

Debt limit action needed by mid-August, analysts warn - Roll Call

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

StockNews.com

2 Dividend Stocks You Can Buy for Under $200 in 2023

With sky-high inflation and the tight labor market, the Fed is anticipated to launch further rate hikes. As the market is likely to remain volatile, reliable dividend-paying stocks, Walmart (WMT) and Boyd Gaming (BYD) could be ideal buys. These stocks are trading under $200. Keep reading.

The Independent UK

Millennial Money: As Fed rates rise, save at a credit union

As the Federal Reserve continues to increase interest rates, borrowers may find that they’re paying more for their debts or perhaps missing out on opportunities to boost their savings with better rates

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StockNews.com

4 Lousy Stocks It's Time to Throw the Towel On

A slew of robust economic data and high inflation could lead the Fed to increase its benchmark rate higher in the coming months than it had previously forecasted. The Fed’s persistent hawkish stance could cause an economic downturn and induce more volatility in the stock market. Hence, fundamentally weak stocks…

Tribune News Service

US payrolls have beat forecasts 10 straight months. What’s next?

U.S. payroll growth has topped estimates for 10 straight months in the longest streak in decades, a trend that, if extended, will boost pressure on the Federal Reserve to keep raising interest rates.

StockNews.com

4 Stocks to Buy in Any Market Climate

The stock market is expected to remain volatile in the near term as investors remain anxious about the Fed’s actions. Amid high recession worries, fundamentally strong healthcare stocks, Pfizer (PFE), Bristol-Myers Squibb (BMY), Amgen (AMGN), and Elevance Health (ELV), which have the potential to withstand any market downturns, could be…

Roll Call

Fed's Powell tells senators rate hikes could go higher, come faster - Roll Call

Federal Reserve Chairman Jerome Powell discussed the fight against inflation, cryptocurrencies, office vacancies and the debt limit.

The Independent UK

China's trade contracts as Western demand weakens

China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls

The Guardian - UK

Markets rocked as Jerome Powell warns Fed could switch back to bigger interest rate rises –as it happened

Federal Reserve chair says US central bank would be prepared to increase the pace of rate hikes if data justified it

The Independent UK

Asian shares mixed as investors watch Fed moves, inflation

Asian shares are mixed in muted trading as investors assess a slew of economic data and await moves by the Federal Reserve

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