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The Latest Breaking News from US Federal Reserve

Asian shares sink on revived worries over recession, China

Shares have retreated in Asia after a mixed day on Wall Street

The Independent UK

US consumers step up spending in October as inflation cooled

Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.

Al Jazeera

SET rides Asian market upswell

The Stock Exchange of Thailand (SET) joined an Asian rally yesterday, a day after Thailand lifted its key interest rate, as investors took heart from the Federal Reserve chairman's remarks on US rate hikes and signs China is easing its Covid-19 measures.

Bangkok Post

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America's student loan balance experienced its biggest drop in 20 years due to student debt relief efforts

It's a small drop, but still "very significant."

Fortune

Ex-Obama adviser Goolsbee to lead Chicago Fed

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

Chicago Sun-Times

Chicago Fed names ex-Obamba adviser Goolsbee as next leader

Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced

The Independent UK

The man who correctly predicted Bitcoin's drop to $20,000 just said it could fall another 40% next year

Billionaire investor Mark Mobius, a long-time crypto skeptic, has a prediction Bitcoin enthusiasts might not like.

Fortune

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A recession might be on a horizon—Here are the 10 best states to find a job

Washington took the top spot, making it the best state for finding a job, according to WalletHub’s new report.

Fortune

The Fed’s favorite inflation gauge just came in lower than expected—here's what that could mean for your stock portfolio

Is a ‘goldilocks’ inflation report enough to end the bear market? Experts weigh in.

Fortune

4 Growth Stocks You May Want to Start a Position in

Markets have witnessed massive selloffs and declining consumer confidence this year. However, with cooling inflation and expectations of an interest rate hike slowdown, markets could experience a bounce. Against this backdrop, quality growth stocks General Motors (GM), Rambus (RMBS), MaxLinear (MXL), and Celestica (CLS) could be ideal purchases. Read on….

StockNews.com

Avoid These 4 Stocks Amid Crypto Market Turmoil

The cryptocurrency market has been hard hit this year, with rising interest rates and recession fears making investors stay away from highly risky assets. While the Fed is expected to slow interest rate hikes, given the lingering recession concerns, it could be wise to avoid struggling crypto-exposed stocks Coinbase Global…

StockNews.com

US inflation indicator rises by less than forecast as spending increases

A key gauge of U.S. consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.

Tribune News Service

Fed Chair Powell: U.S. 'housing bubble' formed during the pandemic and now 'the housing market will go through the other side of that'

"So you really had a housing bubble, you had housing prices going up [at] very unsustainable levels and overheating," says Fed Chair Jerome Powell.

Fortune

Is now the right time for your business to buy real estate?

Predictions of a recession combined with high interest rates and inflation make it a daunting time to enter the real estate market

The Independent UK

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Axios

Fed chair Jay Powell explains America's worker shortage

America is still missing 3.5 million workers.

StockNews.com

3 Stocks That Can Help Ease Your Recession Fears

Major macroeconomic headwinds have heightened recessionary fears in the economy. Moreover, the Fed will likely keep raising rates next year as well. Amid fears of a downturn, fundamentally strong stocks PepsiCo (PEP), Humana (HUM), and Weis Markets (WMK) might be ideal investments based on their stable and consistent dividend history.…

The Independent UK

An inflation gauge tracked by the Fed slows to still-high 6%

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

The Independent UK

Applications for jobless benefits declined last week

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes

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StockNews.com

1 ETF to Buy Before the End of the Year and 1 to Sell

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

Fortune

How CEOs can lead in a recession and come out stronger: 5 powerful strategies from corner-office veterans

Battle-tested business leaders from CVS, Southwest Airlines, Honeywell and other Fortune 500 companies share their best ideas for navigating a downturn.

Evening Standard

FTSE 100 Live: House prices down, Next lays off 133 staff after buying collapsed retailer Joules

Collapsed country fashion brand Joules is set to be bought up by retail rival Next. Joules was set to appoint administrators last month after failing to agree a financing deal to rescue the business, putting around 1,600 jobs at risk.

The Independent UK

Asian shares gain after Fed chair signals slower rate hikes

Shares have advanced in Asia after a rally on Wall Street spurred by the chair of the Federal Reserve's comments on easing the pace of interest rate hikes to tame inflation

StockNews.com

Is the Bear Market Over???

The S&P 500 (SPY) quickly dispensed with 2 key levels of resistance on Wednesday following statements by Fed Chairman Powell. Now more people are contemplating that the 2022 bear market may be over and time to get more bullish. 40 year investment veteran Steve Reitmeister weighs in on this timely…

Tribune News Service

Dow climbs 20% from low as stocks rally and inflation fears ebb

U.S. stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling U.S. inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.

Tribune News Service

Fed will work to reduce inflation 'until the job is done': Board governor

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

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