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The Latest Breaking News from US Federal Reserve

How to earn more by switching savings accounts

Online banks have been increasing interest rates for savings accounts during most of the year, following the lead of the Federal Reserve to combat surging inflation with rising rates. But if your money is only earning the national average — or less — elsewhere, then you’re likely not maximizing your…

Tribune News Service

Are Cracks Beginning To Form? Bank Of America Is Watching Credit Card Delinquencies Closely

Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings.

Benzinga

3 Financial Services Stocks You Wouldn’t Want to Buy Right Now

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Upstart Holdings (UPST), and Marathon Digital (MARA) are not well-positioned to capitalize on the current interest rate environment. One should avoid…

StockNews.com

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Check out These 3 Stocks if You Want to Get Rich Over Time

Inflation is still running near the highest levels since 1980, despite Fed’s aggressive efforts to tame it. Although economic uncertainties are rising, staying invested and focusing on long-term strategies could be wise. We believe fundamentally solid stocks Microsoft (MSFT), Abbott Laboratories (ABT), and Kroger (KR) could be ideal buys to…

StockNews.com

Why The Fed Needs To 'Break The Labor Market' To Avoid A 'Wage-Price Spiral'

Another hot consumer price index (CPI) reading for September means the Federal Reserve will continue to aggressively tighten monetary policy for the time being.

Benzinga

3 Recession-Resistant Stocks to Buy in 2022

Persistent inflationary pressure and consecutive rate hikes have hit the U.S. economy’s growth prospects and raised fears of a recession. Amid this, investing in defensive stocks Coca-Cola (KO), Humana (HUM), and Casey’s General Stores (CASY) could be wise. Read on….

StockNews.com

White House’s Rouse says Fed inflation push starting to work

The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the U.S. central bank, two administration economic advisers said.

Tribune News Service

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The Guardian view on central bankers: don’t put them in charge of the crisis

Editorial: The UN is right to warn that governments risk a worldwide recession precipitated by excessive rate rises

The Guardian - UK

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

The Guardian - US

Editorial: Given today’s gut-wrenching markets, a Nobel Prize for studying fear makes sense

A trio of U.S. economists, including the University of Chicago’s Douglas Diamond, has won a Nobel Prize for explaining the causes of bank runs and other financial crises. Their research sheds light on the economic effects of fear.

Chicago Tribune

Questions remain about who recorded the audio that led to LA City Council scandal

An anonymously leaked recording of crude, racist remarks and political scheming that led to Council President Nury Martinez's resignation left behind a mystery: Who made the tape, and why?

WEKU

Los Angeles mystery: Who taped meeting with racist comments?

An anonymously leaked recording of crude, racist remarks and political scheming that led to the resignation of the Los Angeles City Council president and a powerful labor leader left behind a mystery: Who made the tape and why

The Independent UK

The Weekly Wrap for Saturday, 15 October 2022

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

inkl Originals

Investor Alert: We Have NOT Hit Bottom!

Bears have been in charge for 2 months and likely going to take a rest for a while. So even though we have seen some mighty bounces this week...and could see more in coming days...do not be fooled. We still have a long way to go til bottom is found.…

StockNews.com

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Bangkok Post

Time to accumulate as SET slides below 1,600

The Stock Exchange of Thailand was hit hard in September, losing almost 100 points from its mid-month peak to close at 1,589.51.

The Independent UK

Fed's Bostic acknowledges trades broke rules, fixes records

Atlanta Federal Reserve President Raphael Bostic has acknowledged that many of his financial trades and investments violated the central bank's ethics rules

Benzinga

Historic S&P 500 Comeback Runs Out Of Steam: What Are The Market Catalysts Ahead?

The SPDR S&P 500 ETF Trust (NYSE: SPY) made new 2022 lows this week, but staged a historic intraday recovery following another disappointing batch

The Independent UK

Regulators approve U.S. Bank's $8B purchase of Union Bank

Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise

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Miami Herald

The Week Ahead: Is the housing market braking or breaking?

Imagine if the housing market were covered in the news like the stock market.

The Independent UK

Bank CEOs increasingly turning pessimistic on economy

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient

Tribune News Service

Odds of US recession within next year climb to 60%, survey shows

Odds now favor that the U.S. economy slipping into a recession within the next year, with economists expecting the labor market and demand will become casualties in the Federal Reserve’s inflation battle.

Benzinga

Consumer Confidence Increased Again But Faith In The Fed Slips Below Levels Unseen Since Black Monday, 2008 Financial Crisis

As of early Friday, the University of Michigan announced the preliminary results for October’s Surveys of Consumers.

StockNews.com

2 Terrible Stocks You'll Regret Picking up This Fall

Inflation came in more than expected for September, strengthening the case for more aggressive Federal rate hikes in the coming months. Amid rising recession odds, fundamentally weak stocks Snap (SNAP) and Carvana (CVNA) might be best avoided this fall. Read on….

Benzinga

Dow Futures Solidly Higher Amid Earnings, Energy Rally — Nutanix, Beyond Meat, Big-Bank Stocks In Focus Today

The major U.S. index futures are pointing to a higher open on Wall Street on Friday, as traders look past the inflation data to the earnings season that got underway this week.

The Independent UK

As the causes of US inflation grow, so do the dangers

What keeps driving inflation so high

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