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The Latest Breaking News from US Federal Reserve

Double-digit inflation is now quite plausible

The range of possibilities for what the economy has widened considerably in just a few short days.

Axios

Shift4 Payments Shares Pop As DA Davidson Initiates Coverage

DA Davidson analyst Christopher Brendler initiated coverage of Shift4 Payments Inc (NYSE:FOUR) with a Buy rating and $70 price target (39.8% upside). The shift in market sentiment amid the Fed and geopolitical uncertainty has created "rare buying opportunities" in "compelling" growth stories, Brendler contended. Shift4 Payments "fits the bill" of his preferred payments…

Benzinga

US inflation soared 7.9% in past year, a fresh 40-year high

The government’s report Thursday showed that from January to February, inflation rose 0.8%, up from a 0.6% increase from December to January.

Chicago Sun-Times

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Facebook Libra: the inside story of how the company’s cryptocurrency dream died

It had the blue-chip partners, the tech and the right players. None of which could save it

Financial Times

US inflation rises to new 40-year high of 7.9%; Abramovich sanctioned by UK – as it happened

ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict, as stock markets slide and Chelsea FC owner is sanctioned by Britain

The Guardian - UK

Yet another 4-decade inflation high is expected for February

Consumer inflation in the United States likely set another 40-year high in February — and it won’t even reflect the oil and gas spikes of the past week, which will likely catapult prices even higher in coming months

The Independent UK

Biden signing order on cryptocurrency as its use explodes

President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency

The Independent UK

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Why Bank Stocks Are Getting Crushed Since Ukraine Conflict Began

The bond market is pricing in a 68.1% chance the Federal Reserve will raise interest rates at least 1.5% by the end of 2022. Rising interest rates are typically good news for bank profits, but bank stocks have taken a huge hit so far in 2022.

Benzinga

Industrial Sector in 2022: The Complete Investors Guide

The industrial sector is a segment of the economy that is made up of companies that manufacture and distribute goods, transportation services, or the provision of commercial services and supplies. In 2021, the industrial sector rallied 21%, underperforming the S&P 500’s 26.89% gains. In 2022, the economy and stock market…

StockNews.com

3 Stocks Under $10 to Buy in March: Huttig Building products, Ampco-Pittsburgh, and Medallion Financial

The stock market has been on a wild ride lately due in varying degrees to galloping inflation, the Fed’s impending interest rate hikes and Russia’s invasion of Ukraine. However, the employment picture appears to be moving closer to pre-pandemic levels and robust corporate results should help buttress the economic recovery.…

StockNews.com

The Week Ahead: Not all inflation is weighted equally

You may think inflation is like the weather — everyone complains, but can’t do anything about it.

Miami Herald

EXCLUSIVE: NYSE Executive Floor Director Sees Opportunity In Volatile Markets

Markets have been extremely volatile in recent weeks amid rising geopolitical tensions and Fed uncertainty. Jay Woods, chief market strategist at Drive Wealth and NYSE executive floor director, highlighted the latter Thursday on "Benzinga Live."

Benzinga

US job gains accelerate while wage growth slows sharply

U.S. hiring boomed in February while wage growth slowed, showing a strong labor market that likely keeps the Federal Reserve on track to raise interest rates this month while offering some respite from strong inflationary pressures.

Tribune News Service

Global shares tumble after Russian attack on Ukraine nuclear plant – as it happened

IEA head says he is ‘deeply concerned’ about the situation at Europe’s biggest nuclear power station, as commodity prices continue to surge and Sainsbury’s renames chicken kiev

The Guardian - UK

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StockNews.com

How the Conflict in Ukraine Is Making the Fed Less Hawkish

The lows may be in for the time being as stocks regain important technical ground. With the situation in Ukraine being front and center, I’ll discuss the effect this is having on the Fed’s stance on rate hikes, the current price of oil and the impact on the S&P 500…

Bangkok Post

Fighting the 'last inflation war' once again

In 1955, then-US Federal Reserve chair William McChesney Martin famously said that the Fed's job was to take away the punch bowl "just when the party was really warming up", rather than waiting until the revellers were drunk and raucous. Decades later, in the aftermath of 1970s inflation, it became…

Benzinga

Why Beaten-Down Snap Stock Could Be Poised For A Reversal

Snap, Inc (NYSE: SNAP) was trading down more than 5% on Thursday compared to the S&P 500, which was trading near flat after a morning dip caused by Federal Reserve chairman Jerome Powell’s testimony in front of the Senate banking committee, where he said the central bank will go ahead with

Benzinga

Russian Invasion Creates 'Upward Pressure On Inflation,' Powell Says

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher on Thursday after Federal Reserve Chair Jerome Powell testified in front of Congress for the second straight day.

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The Independent UK

Asian stocks rise after Fed chair supports smaller rate hike

Asian stock markets have rebounded and oil prices climbed after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected

Benzinga

What Is The FOMC?

The Federal Open Market Committee, or FOMC, is the Fed's chief body for monetary policy. Its voting membership combines the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York and four other Reserve Bank presidents who serve one-year terms on a rotating basis…

Benzinga

The US dollar Index Hits Multi-Year Highs

The escalating conflict in the Ukraine, less-than-dovish Fed speakers, and solid US manufacturing survey data pushed the US dollar index (DXY) to a multi-year high of 97.80 on Wednesday. Investors scrambled to buy US dollars for a second consecutive day as they weighed up increasingly more punitive sanctions on Russia…

Benzinga

Powell Testimony Sends Stocks Higher: What Investors Need To Know

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded sharply higher on Wednesday after Federal Reserve chair Jerome Powell testified in front of Congress.

StockNews.com

3 Best Small-Cap Momentum Stocks to Buy in March

The stock market rebounded on Wednesday, with the benchmark indexes registering marginal gains. However, the market is expected to remain highly volatile amid the Fed’s impending rate hikes and the turn of events in the Russia-Ukraine war. Thus, we think it could be wise to bet on GeoPark (GPRK), Transportadora…

Benzinga

When Will Inflation Begin Affecting US Corporate Earnings?

As US consumer inflation rose to a 40-year high in January, many financial watchers expect the US Federal Reserve to take a more hawkish stance this year to tame red-hot commodity prices and ease the financial pressure on American companies and their profitability.

Tribune News Service

Powell backs quarter-point March rate hike, open to doing more

Federal Reserve Chair Jerome Powell backed a quarter-point interest-rate hike this month to commence a series of increases and didn’t rule out a larger move at some stage, despite uncertainty caused by Russia’s invasion of Ukraine.

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