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The Latest Breaking News from US Federal Reserve

Bond traders haven’t been this scared of a recession since 1981

It’s time to brush up on yield curve inversions (again). They’ve predicted every recession since 1955.

Fortune

Two testy exchanges show Fed's inflation dilemma

The two unusually fiesty exchanges were a preview of what is likely to be a key dynamic.

Axios

Powell says 'no decision' on the Fed's next move on rates

Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank’s policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation

The Independent UK

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Wall Street’s most successful hedge fund just politely told the Fed to shut up

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

Fortune

January US job openings dip, but still high at 10.8 million

U.S. employers posted 10.8 million job openings in January, a sign that the American job market continues to run too hot for the inflation fighters at the Federal Reserve

The Independent UK

The US central bank is poised to cause untold hardship to millions of Americans

The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising

The Guardian - US

3 Momentum Stocks to Buy for Big Gains

Fed’s hawkish stance to tame stubbornly high inflation and the recessionary concerns have weighed heavily on investors’ sentiments. Despite such market uncertainties, quality momentum stocks Jabil (JBL), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) look poised to deliver big gains in 2023. So, these stocks could be…

StockNews.com

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3 Big Box Retailer Stocks to Buy Without Hesitation in 2023

Despite the economic turmoil, retail sales remained steady, indicating that consumer spending is not slowing down. While other sectors continue to feel the pinch of interest rate hikes, the grocery/big-box retail industry has been holding up well due to the inelastic demand for its products. Therefore, investors shouldn’t hesitate to…

StockNews.com

3 Stocks with Tremendous Growth Potential in 2023

Given the pace and intensity of the Fed’s monetary tightening, there’s a strong likelihood that the U.S. will enter a recession in 2023. However, amid a strong job market and resilient consumer spending, the possibility of a soft landing still stands. Given this backdrop, quality stocks Gilead Sciences (GILD), Coca-Cola…

StockNews.com

FTSE 100 Live: Pound under pressure, L&G profits up

Pressure on banks and other blue-chip stocks continued today following the collapse of Silicon Valley Bank.

Evening Standard

Asian stocks tumble amid fears about faster rate hikes

Asian shares are mostly lower as investors fret that the Federal Reserve might raise interest rates faster if pressure stays high on inflation

The Independent UK

Debt limit action needed by mid-August, analysts warn. Here are 5 possible scenarios

WASHINGTON — 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

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

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Bangkok Post

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.

Fortune

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.

WEKU

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.

StockNews.com

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….

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Tribune News Service

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.

StockNews.com

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).…

The Guardian - US

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

StockNews.com

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.

Tribune News Service

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?

Fortune

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.

The Independent UK

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.

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