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The Latest Breaking News from US Federal Reserve

US payrolls surprise with surge as jobless rate hits 53-year low

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Tribune News Service

US adds a surprisingly strong 517,000 jobs despite Fed hikes

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

Chicago Sun-Times

US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

The Independent UK

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Surge in US hiring surprises markets

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Bangkok Post

3 Smart Stocks to Buy for a Potential Recession

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

StockNews.com

US adds 517,000 jobs in January in huge gain for labor market

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

The Guardian - US

2 Sorry Stocks to Sell in February

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

StockNews.com

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U.S. economy adds whopping 517,000 jobs in January

The numbers are more than double the 190,000 forecasters anticipated.

Axios

3 Stocks for Long-Term Investors to Buy in 2023

As inflation shows signs of cooling, the Fed has significantly slowed its aggressive rate hike policy. Moreover, given a tight labor market, experts believe the economy might avoid a recession. Amid the rising optimism, we think quality stocks Merck (MRK), PepsiCo (PEP), and Limbach (LMB) are ideal buys for long-term…

StockNews.com

The Week Ahead: Why interest rates and reputation are on the lunch menu for the Fed chairman and investors

Last week it was the Federal Reserve’s Open Market Committee shaping monetary policy and investor expectations. In the week ahead, it will be the Fed’s open mouth practices at work.

Miami Herald

Editorial: Getting Fed up: Federal Reserve’s continuing rate hikes may be too much

The Federal Reserve shocked no one Wednesday when it announced another 25 basis-point hike to interest rates. Yet our lack of surprise doesn’t mean a lack of questions about the central bankers’ continuing anti-inflation warpath.

Tribune News Service

4 Gulf Banks Raise Interest Rates by 0.25%, Qatar Holds

The majority of central banks in the Gulf region raised the main interest rates on Thursday, following a decision by the US Federal Reserve to raise its key policy rate by 0.25%, in an effort to counter inflation. Qatar kept the interest rate unchanged, while the Saudi Central Bank (SAMA),…

Asharq Al-Awsat

Asian shares trade mixed ahead of US jobs report

Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates

The Independent UK

Where to watch the Carabao Cup final in Newcastle and Gateshead as NUFC face Manchester United

It’s undeniable that the atmosphere in Newcastle on cup final day will be electric

Chronicle Live

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The Independent UK

January may have delivered lower, if still solid, job growth

The American economy has an unusual problem: The job market looks too strong — at least to the inflation fighters at the Federal Reserve

Fortune

Fed Chair Powell is no Kobe Bryant. He didn’t have ‘Mamba mentality’ in his crucial press conference, UBS says

Jerome Powell has lost some of his focus when it comes to fighting inflation, UBS's chief investment officer said.

Bangkok Post

Asian equities jump on Fed hints

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

Fortune

The economic shock hitting the U.S. housing market just lost some punch

The average 30-year fixed mortgage rate falls to 5.99%. That's a five-month low.

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Tribune News Service

Mortgage rates in the US slip for a fourth week, hitting 6.09%

Mortgage rates in the U.S. fell for a fourth straight week.

StockNews.com

2 Stocks to Help Jump-Start Your Passive Income in 2023

Despite an inflow of positive macro data, the Fed’s hawkish stance is expected to keep the markets under pressure for the near term. With price fluctuations being the new norm, dividend-paying stocks with solid fundamentals, BHP Group (BHP) and Gilead Sciences (GILD), could help jump-start a solid stream of passive…

StockNews.com

3 Chemical Stocks to Consider Buying Now

Rebounding automotive manufacturing and favorable government policies are expected to help the chemical industry to thrive in the near term. So, chemical stocks Olin (OLN), Valhi (VHI), and Sisecam Resources (SIRE) could be ideal buys now, given their fundamental strength. Also, these companies pay stable dividends. Keep reading.

Fortune

'Bond king' Gundlach predicts stocks have further room to rally as Fed ends tightening cycle

The DoubleLine CEO expects Fed chair Powell will only hike one last time before calling it quits amid signs inflation is abating.

The Independent UK

Average long-term mortgage rate falls a fourth straight week

The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market

Reason

COVID Stimulus Spending Played 'Sizable Role' in Inflation

Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.

StockNews.com

3 Incredible Stocks You Shouldn't Overlook This Year

With the Fed’s 25 bps interest rate helping investors see some light at the end of a tight monetary tunnel, fundamentally strong stocks Cisco (CSCO), VEON Ltd. (VEON), and Nature’s Sunshine Products (NATR) could help investors capitalize on potential upsides during the year ahead. Continue reading….

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