Jerome Powell

Fed hikes rates by three quarters for third straight CNN Business

Fed hikes rates by three quarters for third straight CNN Business

Washington DC CNN Business — The U.S. Federal Reserve made history on Wednesday, approving a third straight 75 basis point rate hike in an aggressive response to white-hot inflation plaguing the U.S. economy. A massive rate hike that markets couldn’t understand a few months ago lifted the central bank’s benchmark lending rate to a new …

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Jim Cramer: My biggest worry about the Fed and why it puts us in hold mode

Jim Cramer: My biggest worry about the Fed and why it puts us in hold mode

It is widely believed that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. Strictly speaking, he is the product of a wide range of government economic reports – the consumer price index, producer price index, industrial production, retail sales, and of course non-farm payrolls. He also cares about what his fellow …

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Fed meeting to decide whether stocks stabilize or fall back to bear market lows

Fed meeting to decide whether stocks stabilize or fall back to bear market lows

The Fed is expected to raise interest rates by three-quarters of a point on Wednesday, but that is exactly what its signal of future rate hikes will drive markets. Investors will also be on high alert a week after the central bank’s two-day meeting on Tuesday and Wednesday to get more guidance on corporate earnings …

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Hong Kong's Hang Seng jumps 2% after Powell's inflation remarks, leading Asian markets higher

Hong Kong’s Hang Seng jumps 2% after Powell’s inflation remarks, leading Asian markets higher

China’s latest inflation data enables PBOC to maintain accommodative monetary policy, HSBC says HSBC said in a report that China’s latest inflation data gave the People’s Bank of China room to maintain its current monetary stance. “The easing of price pressures gives the People’s Bank of China room to remain accommodative,” said Erin Xin, a …

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'We need immediate action': Fed Chair Powell vows to remain aggressive in fighting inflation | CNN Business

‘We need immediate action’: Fed Chair Powell vows to remain aggressive in fighting inflation | CNN Business

CNN — At a think-tank meeting on Thursday, Federal Reserve Chairman Jerome Powell reiterated his commitment to stick to the central bank’s aggressive inflation-restraining policy. “The Fed has assumed and accepted the responsibility for price stability,” he told the Cato Institute’s 40th annual monetary conference. “We need to act now – bluntly and forcefully.” As …

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European markets lower after ECB rate hike

European markets end higher after ECB rate hike; Stoxx 600 up 0.5%

U.S. stocks open lower U.S. stocks opened lower on Thursday as Wall Street braced for a larger rate hike after the European Central Bank. The Dow Jones Industrial Average fell 1%, while the S&P 500 and Nasdaq both lost 0.8%. — Karen Gilchrist ECB hikes rates by 75 basis points to combat soaring inflation The …

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Japan's Nikkei up 2% in mixed Asian session after Wall Street rebound

Japan’s Nikkei up 2% in mixed Asian session after Wall Street rebound

RBA sees reason to slow pace of rate hikes Reserve Bank of Australia governor Philip Lowe said the central bank “recognizes” that “as the level of the cash rate rises, the case for slowing rates increases becomes stronger.” National Australia Bank economist Tapas Stickland said Lowe’s comments could “predict a downgrade to 25 basis point …

Japan’s Nikkei up 2% in mixed Asian session after Wall Street rebound Read More »

Japan's Nikkei up 2% in mixed Asian session after Wall Street rebound

Japan’s Nikkei up 2% in mixed Asian session after Wall Street rebound

RBA sees reason to slow pace of rate hikes Reserve Bank of Australia governor Philip Lowe said the central bank “recognizes” that “as the level of the cash rate rises, the case for slowing rates increases becomes stronger.” National Australia Bank economist Tapas Stickland said Lowe’s comments could “predict a downgrade to 25 basis point …

Japan’s Nikkei up 2% in mixed Asian session after Wall Street rebound Read More »