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The Latest Breaking News from US Federal Reserve

3 Financial Services Stocks to Buy and 1 to Sell

While most sectors suffer from a rising interest rate environment, financial service providers benefit because of the positive correlation of their revenues with interest rates. Therefore, amid the current rising interest rate environment, it could be worth investing in WNS (Holdings) Limited (WNS), Everi Holdings (EVRI), and Forrester Research (FORR),…

StockNews.com

US consumers’ long-term inflation expectations dip to lowest since mid-2021

U.S. long-term inflation expectations fell to the lowest in more than a year in early September, an encouraging sign for the Federal Reserve as it tries to keep views anchored.

Tribune News Service

3 Cruise Ship Stocks Sailing in Rough Waters Right Now

Persistently high inflation and the Fed’s aggressive stance to combat it have increased recession fears. While the cruise industry barely recovered from the pandemic-led disruptions, a downturn in the economy could wipe out its liquidity. So, it may be prudent to avoid fundamentally weak cruise ship stocks Carnival Corporation (CCL),…

StockNews.com

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Why the stock market keeps falling: The end of zero interest rates

For the Fed, the destination of rates matters more than the journey.

Axios

Post-Pandemic Unwind? 4 FedEx Analysts Talk Pre-Earnings Miss

FedEx Corporation’s (NYSE: FDX) stock dropped on Friday morning following its pre-earnings report on the status of the world economy, which some experts are referring to as a post-COVID-19 pandemic unwind.

Benzinga

The Week Ahead: Bracing for a 1 percentage point 'surprise'

The Federal Reserve is an institution that relies on confidence and consistency. Both have been shaken as the agency struggles to tamp down inflation and regain the trust of investors.

Miami Herald

3 Terrible Stocks It's Time to Sell Short

Unrestrained inflation has been triggering a domino effect. The aggressive interest rate hikes by the Fed to bring prices down have been fueling recession fears and aggravating market volatility. Amid such turbulence, it could be wise to jettison fundamentally weak stocks Block (SQ), ChargePoint (CHPT), and Peloton (PTON) or sell…

StockNews.com

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Sensex crashes 1,093 points; Nifty settles at 17,531: Top reasons behind market fall

NEW DELHI: Equity indices plunged for the third straight session on Friday with the benchmark BSE sensex crashing nearly 1,100 points amid heavy selloff across all sectors.

The Times of India

US Stocks Could Open Lower As Uncertainty Looms Ahead Of FOMC Meeting, Futures Trading Shows — FedEx, Adobe In Focus

U.S. stocks are on track to extend their losses, with the major index futures moving sharply lower on Friday. An inflation reading due shortly after the market open may have a big say in how the market trades in the final session of the week, especially ahead of the September…

Benzinga

The Feds want dollars to move much faster

Several reports coming from the Biden administration today show it is prioritizing speeding up global and international payments.

Axios

Don't hold your breath for lower mortgage rates

Inflation has put the Fed squarely on the path toward higher interest rates.

Axios

Baht falls below 37 to the dollar

The baht fell past 37 to the US dollar — its lowest since December 2006 — as several Asian currencies hit multi-year lows on Friday.

Bangkok Post

Oil Ticks Up, but on Track for Weekly Loss on Recession Fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. Brent crude futures were up 56 cents, or 0.6%, to $91.40 a barrel as at 0610 GMT, but were down…

Asharq Al-Awsat

Asian stocks follow Wall St lower amid inflation pressure

Asian stock markets have followed Wall Street lower after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease away from more interest rate hikes

The Independent UK

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Benzinga

Ethereum Tumbles After 'Merge,' Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens

Major coins fell sharply on Thursday evening as the global cryptocurrency market cap lost 4% to $960.8 billion at 8:15 a.m. EDT.

ABC News

More interest rate rises ahead but pace of increase set to slow, RBA governor says

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises.

StockNews.com

2 Reliable Drug Stocks to Buy and Hold for Big-Time Gains

Persistent rate hikes by the Fed and rising odds of a recession have aggravated market turbulence and led investors to seek refuge in defensive sectors such as healthcare. Defensive stocks tend to perform well in declining markets due to the steady demand for their products. Hence, consistent dividend-yielding drug stocks…

ABC News

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation. The World Bank warns of a global recession because of higher rates.

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StockNews.com

1 SaaS Stock to Buy This Fall and 1 to Sell

Rapid digitization across industries in this digital era is boosting the Software-as-a-Service (SaaS) market. Given the industry’s solid prospects, SaaS stock Informatica (INFA) might be an ideal investment. However, we think a fundamentally weak stock, UiPath (PATH), might be best avoided considering the market volatility. Read more….

StockNews.com

3 Stocks You Don't Want to Buy on the Bottom

August inflation figures remained unrestrained despite the Fed's consecutive rate hikes, and another significant hike seems evident next week. Given the rising recession fears, we think fundamentally weak stocks Warner Bros. (WBD), Snap (SNAP), and ChargePoint (CHPT), which are trading near their 52-week lows, might be best avoided. Keep reading….

Benzinga

Founder Of World's Largest Hedge Fund Rails Against Fed, Predicts 20% Stock Plummet

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The New Daily

ASX ’outperforms’ amid fallout from Wall Street carnage

The Australian market was not immune from the sell-off on Wall Street but was able to 'outperform' relatively, falling by only 2.6 per cent.

The Independent UK

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

ABC News

ASX rebounds slightly after investors buy the dip and employment rises, Westpac closes more branches

The ASX and Wall Street made modest gains in cautious trade after yesterday's share market rout. Westpac and CBA plan to close more bank branches.

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