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UNCOVERED: 117 - The Untold Story

US Federal Reserve hikes interest rate to highest level since 2007

The US Federal Reserve has hiked its key interest rate by 0.25 percent to the highest level since 2007. America's central bank has slowed the pace of rate rises as inflation cools. But Fed Chair Jerome Powell said changes to monetary policy would be "ongoing" as "appropriate". Also in the…

France 24 · Feb 1, 2023

Fed slows rate hikes, signals further increases are coming

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades.

Tribune News Service · Feb 1, 2023

Morgan Stanley's chief strategist thinks investors are in for a bumpy ride after they realize there's no more Fed rate cut 'heroin'

“Once people realize the Fed’s not cutting rates—there’s no more heroin, so to speak—then we’re going to price the fundamentals, which are clearly deteriorating in our view,” Wilson told CNBC Tuesday.

Fortune · Feb 1, 2023

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Watch: Fed Chair Jerome Powell raises interest rate

The chair of the Federal Reserve made an announcement regarding the anticipated interest rate hike after a policy meeting.

The Independent UK · Feb 1, 2023

US Fed set to slow rate hikes

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

Bangkok Post · Feb 1, 2023

UK house price growth slowest since mid-2020; manufacturing contracts for sixth month in a row – as it happened

UK annual house price growth slows to 1.1%; investors await US Federal Reserve message on whether it will tighten monetary policy further

The Guardian - UK · Feb 1, 2023

Powell likely to stress Fed's inflation fight far from over

Inflation is cooling, and parts of the economy appear to be weakening

The Independent UK · Feb 1, 2023

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US labor costs trail forecasts, adding to slower inflation signs

U.S. employment costs rose at a slower-than-expected pace in the closing months of 2022, adding to signs of moderating inflation that reinforces the case for a smaller interest-rate increase by the Federal Reserve this week.

Tribune News Service · Jan 31, 2023

US workers' pay slowed in the final quarter of 2022

Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won’t fuel higher inflation

The Independent UK · Jan 31, 2023

A Fed economist says the Fed is making inequality worse with its interest rate hikes

“Tighter policy…appears to prevent many lower-income families from buying homes,” Fed economist Daniel Ringo explains in a new working paper.

Fortune · Jan 27, 2023

3 Key Points to Watch in Today’s Market

Every Friday, Steve Reitmeister (Reity) and I sit down to chat about the week and how we're feeling about the stock market (SPY). Normally, the two of us are pretty in sync -- we've both been pretty bearish for months. However last week, it looked like that was starting to…

StockNews.com · Jan 21, 2023

Larry Summers says the economy is looking good—but a potential pitfall for the Fed could still be the 'greatest tragedy'

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

Fortune · Jan 20, 2023

Bullish Vs. Bearish Stock Market...

"Are you actually bullish now?". That was the question I got from StockNews CEO Steve Reitmeister late last week after I published my commentary for my POWR Stocks Under $10 newsletter. Even though he and I differ about our respective stock market (SPY) outlooks from time to time, I think…

StockNews.com · Jan 19, 2023

Even Larry Summers thinks we might avoid a recession after months of gloomy predictions: 'Soft landings are a triumph of hope over experience, but sometimes hope does triumph'

Former Treasury Secretary Larry Summers said in September that there was a 75% chance of a U.S. recession. But after the latest inflation data, he says he's a little more hopeful.

Fortune · Jan 18, 2023

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The Independent UK · Jan 18, 2023

Fed's Powell tests positive for COVID, has 'mild' symptoms

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing “mild symptoms,” the Federal Reserve announced

The Guardian - US · Jan 15, 2023

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

Evening Standard · Jan 12, 2023

US rate of inflation falls to 6.5 per cent

Drop from 7.1% in November raises hopes that the worst of the inflation storm could be over

Fortune · Jan 12, 2023

The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That's up from 13% in the fourth quarter of 2022.

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Fortune · Jan 12, 2023

What is ‘supercore’ inflation? Economists are obsessing over a narrow slice of price data

Economists think excluding sectors like housing gives a better idea of what’s really happening with inflation.

ABC News · Jan 10, 2023

ASX gains despite higher inflation, job-vacancies dip, and World Bank warns of looming recession — as it happened

The cost of living continues to climb and employers are still scrambling to find workers, but the Australian share market has jumped 1 per cent thanks to big miners and a rise on Wall Street.

Tribune News Service · Jan 10, 2023

Powell vows to limit Fed’s climate role to protect independence

Federal Reserve Chair Jerome Powell sought to draw a line around how far the central bank will use its powers to promote a greener economy, vowing it will not be a climate regulator.

Axios · Jan 10, 2023

Federal Reserve chair Jerome Powell says central bank will not be a "climate policymaker"

The comments were part of a larger speech on the importance of an apolitical Fed.

The Independent UK · Jan 10, 2023

Powell: Fed has only narrow role to play on climate change

The Federal Reserve has a limited role to play combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks to take steps to limit lending to energy companies

Fortune · Jan 10, 2023

A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what's next for rates

There are only three levers that can depressurize affordability: Rising incomes, falling home prices, and falling mortgage rates.

Fortune · Jan 9, 2023

America might just do the impossible and avoid a recession, according to top economist Mark Zandi

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

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