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The Latest Breaking News from US Federal Reserve

Oil Rises as Supply Fears Overtake Recession Worries

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade.

Asharq Al-Awsat

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

Hong Kong raises benchmark interest rate to 14-year high

Financial hub’s de facto central bank lifts key rate to 3.5 percent after latest rate hike in the United States.

Al Jazeera

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Alibaba Plunges, Xpeng, Nio Nosedive: Fed Rate Hike and Projections Push Hang Seng To 2011 Lows

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot…

Benzinga

Bitcoin, Dogecoin Plunge, Ethereum Worst Hit After Fed Rate Hike — But, Is There A Silver Lining?

Major coins fell sharply on Wednesday evening as the global cryptocurrency market cap decreased 2.7% to $896.8 billion at 8:30 p.m. EDT.

Benzinga

Fed hikes interest rates for third time

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

Salon

US has sent $8.28 billion in pandemic funds to local lenders

On the same day the Federal Reserve gave a sobering report on the U.S. economy’s trajectory, administration officials highlighted how they have kept some of the nation’s smallest businesses afloat through the pandemic

The Independent UK

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3 ETFs With Too Much Downside Risk to Buy Now

Since the Fed announced another 75-basis-point interest rate hike today, the market is expected to remain under pressure. With precious metals set to keep losing luster and growing businesses finding it increasingly difficult to borrow, it could be wise to avoid VanEck Gold Miners (GDX), ARK Innovation (ARKK), and ProShares…

StockNews.com

2 Stocks You Should Consider Leaving Behind in 2022

The stock market has witnessed wild swings amid sky-high inflation and the Fed’s rate hikes to control it. Moreover, volatility is expected to remain as the stubbornly high inflation shows no signs of slowing, and the Fed’s monetary policy tightening is raising the possibility of a recession. With another 75-basis-point…

StockNews.com

US Federal Reserve fights inflation with third 0.75% rate hike

The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs. Also in the show: the German…

France 24

Fed Raises Rates 0.75% For Third Straight Time: 'We Will Keep At It Until We're Confident The Job Is Done'

The SPDR S&P 500 (ARCA:SPY) is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level.

Benzinga

3 No-Brainer Stocks to Buy if You Have Money to Spend

Raging inflation and the Fed’s commitment to bring it under control with rate hikes are raising recession worries. However, according to BofA, the market could see a rally later this year. Given the macro uncertainties, we think investors should add fundamentally solid stocks Microsoft (MSFT), Merck & Co. (MRK), and…

StockNews.com

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

France 24

US Fed hikes interest rate to highest level since 2008

Announcement sparks concern that fight to contain sky-high US inflation could tip the economy into a recession.

Al Jazeera

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The Independent UK

Federal Reserve raises interest rates by 0.75% in latest move to stem inflation

Interest rates at such high levels would make it harder for Americans to borrow money and for banks to lend it

Benzinga

US Stocks Edge Higher As Fed Raises Interest Rates By 75 Basis Points

U.S. stocks traded slightly higher toward the end of trading session on Wednesday following the announcement of interest rate decision by the Fed.

Kiplinger

What Is APR?

Even for those who pay off their credit card balances every month, knowing your APR is a good credit habit.

Tribune News Service

Fed delivers third-straight big hike, sees more increases ahead

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.

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Tribune News Service

Powell signals more pain to come with Fed sending rates higher

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

The Guardian - US

Fed raises interest rate by 0.75 percentage points as US seeks to rein in inflation

Third outsized rate increase in a row as central bank struggles to fight runaway inflation, increasing the cost of everything

Benzinga

10 Things That Didn't Exist Last Time Interest Rates Were This High

This afternoon, the FOMC is expected to announce a 75-basis point (BPS) rate hike, bringing federal fund rates to the 300-325 BPS range. This means interest rates will be between 3-3.25% for the first time since before the financial crisis in 2007-2008. More specifically, the Fed began cutting rates in September…

StockNews.com

Don’t Let These 2 Stocks Sink Your Portfolio in Q4

The cruise industry is struggling amid high inflation and the Fed’s aggressive interest rate hikes. Moreover, a slowing economy seems to be weighing on consumer demand. Hence, it might be best to avoid cruise stocks Carnival Corporation (CCL) and Norwegian Cruise (NCLH) for the rest of the year. Read on….

Benzinga

Will Gold Survive Another Jumbo Rate Hike?

Will Gold Survive Another Jumbo Rate Hike? The key FOMC meeting ends soon. One thing is certain: after this event, the gold market won’t be the same. The Fed’s Projection Will Be Key for Gold

StockNews.com

3 Stocks to Buy Now That Offer Steady and Reliable Income

Rising inflation and lingering recession concerns have necessitated the need to add a defensive layer to one’s portfolio. Therefore, it could be wise to invest in fundamentally strong dividend-paying stocks PepsiCo (PEP), Costco Wholesale Corp. (COST), and Comcast Corp. (CMCSA) to generate a steady and reliable income stream. Read on….

StockNews.com

3 Stocks to Avoid as Inflation Grows More Persistent

Inflation is growing more persistent and entrenched than expected. And the Fed’s aggressive rate hikes to tame inflation are raising the possibility of a recession. Hence it might be best to avoid fundamentally weak stocks, Royal Caribbean Cruises (RCL), Unity Software (U), and Bed Bath & Beyond (BBBY) now. Read…

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