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The Latest Breaking News from US Federal Reserve

Fed's aggressive rate hikes raise likelihood of a recession

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it

The Independent UK

Morning Digest | 17 Opposition parties to field a candidate for Presidential poll; ED summons Rahul again tomorrow, and more

A select list of stories to read before you start your day

The Hindu

Bitcoin, Ethereum, Dogecoin Buoyant After Fed Rate Hike: Are Cryptos Catching Up With Stocks?

Bitcoin and Ethereum traded higher at press time on Wednesday evening as the global cryptocurrency market cap rose 4% to $974.2 billion.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

The ABC's experts give their take on the US rate rise and today's jobs figures and what that means for you — as it happened

The US central bank has increased its federal funds rate by 0.75 per cent in its biggest hike since 1994. Business reporter Sue Lannin has answered your questions on what it means for Australia.

ABC News

Shortfall warnings cancelled as units come back online – as it happened

This blog is now closed

The Guardian - AU

US Federal Reserve hikes interest rates 0.75% to curb inflation

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian…

France 24

ASX rally fizzles out as US Federal Reserve hikes key interest rate, and Australian dollar surges above 70 US cents

Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally. And the national unemployment rate stayed steady…

ABC News

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How far should interest rate hikes go?

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

Bangkok Post

Morning mail: year of learning before school, electricity crisis flares, Fed hikes US interest rates

Thursday: Preschool ‘play-based’ overhaul, electricity market in strife and Ukraine refuses to surrender city. Plus: chickens fed cannabis

The Guardian - AU

Why Amazon Stock Jumped 5% Today

Amazon.com Inc (NASDAQ: AMZN) shares surged Wednesday following the Federal Reserve's rate hike announcement.

Benzinga

Why Netflix Stock Climbed 7% Higher Today

Netflix Inc (NASDAQ: NFLX) shares surged Wednesday after the Federal Reserve raised interest rates by three-quarters of a percentage point, representing the most aggressive rate hike since 1994.

Benzinga

The Loop: US Federal Reserve hikes interest rates by 0.75 per cent, Dr Anthony Fauci catches COVID-19, Justis Huni defeats Joseph Goodall

Get up to speed on today's headlines with The Loop.

ABC News

‘Slamming on the brakes’: economists react to the Federal Reserve’s rate hike

Some economists say it will take an economic contraction and higher unemployment to bring inflation down

The Guardian - US

Alan Kohler: Albanese’s note to self – Don’t get blamed for the Morrison crises

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

The New Daily

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Benzinga

What's Going On With Palantir Technologies Stock Today?

Palantir Technologies Inc (NYSE: PLTR) shares are trading higher Wednesday as the overall market rises following the Federal Reserve's rate hike announcement.

Benzinga

Why Nvidia Stock Is Rising

NVIDIA Corp (NASDAQ: NVDA) shares are trading higher Wednesday as the overall market rises following the Federal Reserve's rate hike announcement.

Benzinga

Why Microsoft Stock Is Surging Today

Microsoft Corp (NASDAQ: MSFT) shares are trading higher Wednesday as the overall market rises following the Federal Reserve's rate hike announcement.

Benzinga

Fed Chair Powell: Another 0.75% Rate Hike On The Table For July

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994.

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news in one place.

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StockNews.com

4 ETFs to Bet on Another Market Crash

Recession fears have been rising with inflation running at a 40-year high and the Fed’s potential monetary policy tightening. The World Bank has recently warned of a recession and slashed its global growth forecast, adding to investors’ worries. Therefore, ETFs that perform well in a bear market, Direxion Daily S&P…

Benzinga

Mid-Afternoon Market Update: Dow Jumps Over 300 Points; Fed Boosts Interest Rates by 0.75%

U.S. stocks traded higher toward the end of trading, after the Federal Reserve raised interest rates by 0.75%.

France 24

US Fed hikes interest rate 0.75 points, biggest increase since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

The Guardian - UK

Tough action on interest rates in the US. But how rattled is the US Federal Reserve?

Wall Street braces for rises in borrowing costs in July and September as 8.6% inflation spurs on central bank

Tribune News Service

Fed hikes rates 75 basis points, intensifying inflation fight

Federal Reserve officials raised their main interest rate by three-quarters of a percentage point — the biggest increase since 1994 — and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.

Tribune News Service

Fed hikes 75 basis points; Powell says 75 or 50 likely in July

The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.

Benzinga

Federal Reserve Raises Interest Rates by 0.75%, Hikes Inflation Estimates: What Investors Need To Know

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

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