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The Latest Breaking News from US Federal Reserve

Larry Summers compares the Fed's inflation fight to taking a medicine to fight an 'infection'—and says the 'risks are very large' that the economy tips into a recession

Former Treasury Secretary sees a soft landing as a possibility, but the risk of a recession still remains very high.

Fortune

Gary Gensler hits Kraken with $30 million settlement, prompting outcry of 'regulation by enforcement'

The decision is a win for Gary Gensler’s SEC and sheds doubt on the future of staking.

Fortune

2 Blue Chip Stocks to Watch in February 2023

Although inflation has slowed, the job market remains tight. Fed Chair Powell has warned of higher-than-anticipated rate hikes if the situation persists. This is expected to keep the stock market volatile in the upcoming months. Amid this backdrop, investors could look to add fundamentally strong blue chip stocks PepsiCo (PEP)…

StockNews.com

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Larry Summers says the economy could be headed towards a 'Wile E. Coyote moment'

The Harvard economist warns the economy could walk "off a ledge" sometime this year. “I’m not predicting with confidence that that will happen, but I think the risks are significantly elevated.”

Fortune

3 High-Value Stocks to Buy and Hold for a Lifetime

Despite showing signs of cooling, inflation is still well above the Fed’s 2% target. Moreover, January’s strong jobs report may encourage the Fed to raise interest rates even further, keeping the stock market highly volatile in the near term. Amid an uncertain macro environment, it could be wise to buy…

StockNews.com

Average long-term US mortgage rates inch back up this week

The average long-term U.S. mortgage rate ticked up slightly this week after four weeks of declines, a possible sign of stability that could draw in home shoppers with spring buying season weeks away

The Independent UK

5 Top Stocks to Buy for 2023

The stock market witnessed a solid start this year amid improving investors’ optimism. Moreover, experts see increased chances of a soft landing. So, fundamentally strong stocks Merck (MRK), Novartis (NVS), Sysco (SYY), Progress Software (PRGS), and LSI Industries (LYTS) could be solid buys now. These stocks pay consistent dividends. Read…

StockNews.com

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3 Stocks Flying Under the Radar to Buy Right Now

While the Fed’s dovish comments have ignited a massive stock market rally, robust jobs growth entails that the central bank has more work to do when it comes to taming inflation. As investors turn cautious, we believe it could be wise to scoop up fundamentally strong stocks Acuity Brands (AYI),…

StockNews.com

3 Tech Stocks That Could Help Set You up for Life

Despite being hampered by the Fed’s aggressive rate hikes last year, the tech industry is poised to witness significant growth in the near term, owing to advanced innovation and its increased adoption. Therefore, investors can scoop up quality tech stocks Canon (CAJ), Jabil (JBL), and Juniper Networks (JNPR) now. Read…

StockNews.com

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

More Americans apply for jobless benefits last week

More Americans filed for jobless benefits last week, but layoffs remain historically low despite the Federal Reserve’s aggressive interest rate policy intended to cool the economy and bring down inflation

The Independent UK

3 Low-Risk Stocks to Buy in February 2023

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

StockNews.com

As property prices retreat, top economist isn’t expecting recession

The U.S. economy is likely to avoid a recession, even with a downturn in housing and commercial real estate, economist Mark Zandi predicts.

Tribune News Service

Inflation and recession: Can the world defeat both in 2023?

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

Al Jazeera

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The Independent UK

Asian shares mixed after Wall St falls on rate hike worries

Shares are mixed in Asia after Wall Street gave back some of its recent gains on persisting uncertainty over interest rates and inflation

Bangkok Post

Thai economic prospects far from rosy

Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume. The world oil price is below US$80 (2,677 baht) per barrel and inflation is coming down. At the first meeting of 2023, the…

ABC News

Big banks all pass on rate hikes to homeowners, as AGL has its worst day in 15 years ⁠— as it happened

The ASX 200 followed Wall Street down on Thursday, and companies posted a mixed bag of results, including Megaport and AGL. Find out how the day unfolded.

The Independent UK

Jerome Powell sparks debate by revealing his salary at Economic Club of Washington

Mr Powell claims that he makes around $190,000, but others aren’t so sure

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Fortune

'Big Short' investor Michael Burry compares stock market to dot com bubble in a cryptic tweet

“This time is different,” Burry tweeted Tuesday, including a chart that showed the roughly 40% stock market drop—and multiple bear market rallies—that occurred during the dot-com bubble.

StockNews.com

3 Stocks With Surprising Growth Potential in 2023

With inflation showing signs of cooling and the probability of a recession declining, there have been slivers of optimism regarding the economic climate. Therefore, investors could benefit from buying fundamentally strong stocks General Motors (GM), Cars.com (CARS), and Apogee Enterprises (APOG), with solid growth potential. Keep reading….

StockNews.com

3 High-Quality Stocks You'll Kick Yourself Later for Not Buying

Despite recent signs of moderation in inflation, the better-than-expected January jobs data could force the Fed to raise interest rates even further. This is expected to keep the stock market highly volatile in the near term. Given a volatile market backdrop, investing in high-quality stocks AbbVie (ABBV), Cintas (CTAS), and…

Fortune

Signs of life in the housing market could spell trouble

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

StockNews.com

Start 2023 out Right. Add These 2 Stocks to Your Portfolio Today

Cooling inflationary pressures, a slowdown in the Fed’s interest rate hikes, and easing recession fears are contributing to improved investor sentiment lately. Amid growing investor optimism, fundamentally sound stocks Bristol-Myers Squibb (BMY) and General Motors (GM) could be wise additions to your portfolio to start 2023 right. Continue reading….

StockNews.com

3 Stocks to Help You Build Wealth in the Market

Receding inflationary pressure and the Fed’s smaller rate hike have raised investor optimism. However, amid additional rate hike fears and associated volatilities, investors could scoop up quality stocks Johnson & Johnson (JNJ), Coca-Cola (KO), and AstraZeneca (AZN) that could help them build wealth in the market. Read on….

Fortune

Wondering if inflation is cooling? One Fed official suggests keeping an eye on frozen lasagna prices

The price of frozen lasagna is a great way to measure inflation, according to a Federal Reserve official.

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