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The Latest Breaking News from US Federal Reserve

The Fed raised interest rates by 50 bps and announced the start of QT on Wednesday as largely expected. Less anticipated were Fed Chair Powell’s comments discounting the near-term prospects of hikes greater than 50 bps at future meetings.

Benzinga

AMC Entertainment's Stock: What To Watch On The Chart As Q1 Earnings Approach

AMC Entertainment Holdings, Inc (NYSE: AMC) was trading slightly lower in the premarket on Thursday, after lagging the general markets on Wednesday, where a number of individual stocks surged following the Federal Reserve’s decision to raise interest rates by 0.5%.

Benzinga

Why Dogecoin Is Trading Higher Today

Dogecoin (CRYPTO: DOGE) traded 3.6% higher at $0.135 over 24 hours leading up to early Thursday. DOGE was seen trading higher alongside other major coins as the global cryptocurrency market cap rose 4.4% to $1.8 trillion at press time.

Benzinga

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The Satanic Temple: If Christians Can Raise Flag at Boston City Hall, We Can Raise Ours Too

Plus: The push to abolish the Senate, Feds hike interest rates by 0.5 percent, and more...

Reason

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

Tribune News Service

It could get harder to afford a house in California after interest rate hike. Here’s why

Think housing is already difficult to afford in California? Thanks to the Federal Reserve’s interest rate hike Wednesday, it could get even tougher.

Tribune News Service

HP And 3 Other Stocks Insiders Are Selling

US stocks closed sharply higher on Wednesday after the Federal Reserve raised its target fed funds rate by 0.5%. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Powell's talons not as sharp as feared

The rally, after a dreadful month, suggests many had thought the Fed would threaten even harsher rate hikes in the future.

Axios

CNBC's Final Trades: Honeywell International, Merck And More

On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners chose Invesco QQQ Trust Series 1 (NASDAQ: QQQ).

Benzinga

If You Invested $100 In SPY, Apple Or Amazon When Fed Last Hiked Rate By 0.5%, Here's How Much You'd Have Now

The U.S. Federal Reserve raised interest rates by 0.5% in more than two decades on Wednesday. The target fed funds rate now stands between 0.75% and 1.0% as the central bank cited elevated inflation as its reasoning for hiking the interest rates.

Benzinga

Thai stock investor mood at 3-month low over Ukraine war, Fed

Investor confidence in the Thai stock market has slipped to a three-month low on concerns about Russia's invasion of Ukraine and the US Federal Reserve's tightening policy, a capital markets group said on Thursday.

Bangkok Post

Bank of England expected to raise interest rates again

The Bank of England is expected to raise its key interest rate to the highest level in 13 years

The Independent UK

Inflation in Turkey soars to eye-popping near 70% in April

Official data show that inflation in Turkey has soared to nearly 70% in April, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households

The Independent UK

Asian, European markets rise as US Fed eases fears of huge rate hike

Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Bangkok Post

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The Guardian - UK

Pound tumbles to two-year low as stagflation fears rise – as it happened

Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%

The Independent UK

Asian stocks rise after Fed chair downplays bigger rate hike

Asian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades

Al Jazeera

Asian shares rise as US Federal Reserve strikes less hawkish tone

Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

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The Independent UK

Rising interest rates in US will hinder foreign economies

When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans

Benzinga

Bitcoin, Ethereum, Dogecoin Rally After Fed Hikes Rates As Expected: Why This Analyst Thinks It's A 'Fakeout' Rather Than Breakout

Bitcoin traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion.

Los Angeles Times

Fed orders biggest interest rate hike since 2000 to combat inflation

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.

Benzinga

Powell Says More Hikes Are Likely Coming, But US Economy Is 'Well Positioned' To Handle Them

Federal Reserve Chairman Jerome Powell had some relatively soothing words for the markets after the Fed on Wednesday raised its target fed funds rate by 0.5% to a new range of between 0.75% and 1.0%.

Axios

The Fed is putting America's inflation problem on its shoulders

Chair Jerome Powell addressed the American public directly, and owned the current situation

ABC News

Federal Reserve hikes official interest rates by 0.5 per cent, ASX rises, Dow Jones jumps 900 points

The US Federal Reserve has increased official interest rates by 0.5 per cent and flagged that more such rises are likely. Meanwhile, the Australian market has followed Wall Street higher.

Tribune News Service

Stock bulls get reprieve as Powell signals a limit to austerity

Under no pressure to throw investors a bone, Jerome Powell nevertheless did, igniting the biggest stock market rally on the day of a Federal Reserve meeting in a decade.

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