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The Latest Breaking News from US Federal Reserve

Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United States

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia.

The Conversation

Biden to meet Fed chair as inflation bites pocketbooks

President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks

The Independent UK

Biden to meet with Powell to discuss economy as inflation bites

WASHINGTON — President Joe Biden will hold a rare Oval Office meeting on Tuesday with Federal Reserve Chair Jerome Powell amid the highest inflation in decades, which has angered Americans and hurt his standing with voters.

Tribune News Service

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Market Wrap: ASX200 set to start the week on a high, while Omicron and floods decelerate growth

The ASX200 locked in a second straight week of gains closing 0.5 per cent higher at 7182, supported by gains in the materials and financial sectors.

The New Daily

Miner, tech shares lift ASX higher; AGL tumbles on demerger collapse; ACCC sues Mastercard

Australian shares have risen, led by gains in technology stocks tracking a Wall Street rally and mining stocks on new strength in commodity prices, while AGL Energy fell on withdrawing plans for its demerger.

ABC News

Shares rise on relief over Fed stance

Recap: Global shares rose yesterday, heading for a gain on the week, after minutes from the last Fed meeting suggested the US central bank may get less aggressive on monetary policy tightening.

Bangkok Post

US wage increases show signs of peaking in welcome sign for Fed

U.S. wage growth looks to be peaking, a heartening development for the Federal Reserve if not for American workers.

Tribune News Service

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Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020

The Independent UK

Down 35% in 2022, is T. Rowe Price Group Now a Buy?

Investment management company T. Rowe Price Group (TROW) has been under pressure, with declining assets under management (AUM) amid rising inflation and the war in Ukraine. Its stock has slumped 35% in price this year. Also, considering the Fed’s tightening monetary policies, is TROW a buy now? Keep reading to…

StockNews.com

The Week Ahead: The forward momentum in the job market deserves respect

The monthly jobs report is the Rodney Dangerfield of economic statistics. It gets little respect yet has a big and important audience.

Miami Herald

Elon Musk sued by Twitter investors for 'market manipulation', ASX follows Wall Street higher

Australian shares follow a strong lead from Wall Street, Twitter shareholders have sued billionaire Elon Musk for allegedly trying to manipulate the company's share price, while Telstra pays $11 million in compensation for breaching telco industry rules.

ABC News

Down More Than 45%: 2 Buy-Rated Stocks Snatch Up Now

Concerns over high inflation, the Fed's hawkish monetary policy, and the potential for the economy to slide into a recession have caused the market to suffer a significant correction of late. But the current downtrend could be a great opportunity to scoop up shares of quality companies LiveRamp Holdings (RAMP)…

StockNews.com

5 High Growth Stocks to Buy Amid a Volatile Market

Concerns over aggressive interest rate hikes to fight the multi-decade high inflation and a looming recession have recently kept the stock market under pressure. However, growth stocks Taro Pharmaceutical (TARO), Superior Industries (SUP), Viavi Solutions (VIAV), CEVA (CEVA), and SMART Global Holdings (SGH) are well-positioned to rebound.

StockNews.com

As American Natural Gas Prices Start To Converge With Europe's, A Hedged Bet On Them Going Even Higher.

Zoltan Poszar's Predicted Commodities Disruptions

Benzinga

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StockNews.com

2 Outperforming Financial Stocks That Should Remain Strong Throughout 2022

The Federal Reserve’s hawkish stance–replete with interest rate increases–should benefit many stocks in the financial sector by helping them generate more interest income. Therefore, we believe that adding fundamentally sound financial stocks Unum Group (UNM) and First BanCorp (FBP) to one’s portfolio could be wise. These stocks have outperformed the…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

The New Daily

Market Wrap: Markets take election result in their stride amid hawkish rate rises

After winning the federal election, Anthony Albanese is promising action on climate change, greater gender equality and improved wage growth.

Benzinga

Dogecoin Struggles As FOMC Minutes Fail To Give Boost To Cryptos

Dogecoin (CRYPTO: DOGE) traded nearly 3% lower at $0.08 over 24 hours leading up to early Thursday morning. DOGE moved into the red alongside other major coins as the global cryptocurrency market cap fell 1.6% to $1.25 trillion at press time.

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Benzinga

Fed Explores More Aggressive Interest Rate Hikes To Counter Inflation While Weighing Associated Risks

Federal Reserve officials discussed moving the U.S. central bank to a "restrictive" policy stance to counter inflation through more fierce interest rate increases, the Financial Times reports. However, the policy could undermine the strong recovery in the jobs market. Some Fed officials also saw risks to commodities markets stemming from the…

Tribune News Service

Commentary: How the Fed has set our economy up for disaster

For over a year, the Federal Reserve ignored myriad warning signs and continued injecting money into the economy. The result was the appearance of robust economic growth and a surge in demand, especially in the labor market, which ushered in decades-high inflation. But as the Fed belatedly raises rates, the…

The Independent UK

Asian stocks lower after Fed confirms rate hike plans

Asian stock markets are lower after notes from the Federal Reserve’s latest meeting confirmed expectations of more interest rate hikes but contained no surprises to rattle investors

Benzinga

Bitcoin Edges Up, Ethereum, Dogecoin Down: Fed Meet Cheers Stocks But Crypto Stuck In Rut

Bitcoin and Ethereum were mixed at press time on Wednesday evening, breaking away from other risk assets after the U.S. Federal Reserve’s policy meeting minutes came in line with expectations. The global cryptocurrency market cap fell 0.7% to $1.3 trillion.

Tribune News Service

Farm income remains strong despite inflation, says Minneapolis Fed

A new survey from the Federal Reserve Bank of Minneapolis suggests strong farm incomes so far this year, even with the higher cost of inputs, like fertilizer.

ABC News

ASX slips after rising on tech, US stocks rally on rate rise outlook

Australian shares have fallen after a positive start on Thursday. It followed a strong session on Wall Street that saw investors clinging to the hope a US recession could be avoided.

Benzinga

This Investor Just Sold Apple Stock To Buy Microsoft: Here's Why

Apple Inc (NASDAQ: AAPL) shares have held up well relative to most of the market as the Federal Reserve continues to fight runaway inflation.

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