BIZARRE: 122 - You Need To See This

The Fedspeak behind Wednesday’s markets roller coaster

Markets whipsawed in the aftermath of another 0.75 percentage point rate hike on Wednesday.

Axios · Nov 3, 2022

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Benzinga · Nov 3, 2022

First Thing: Biden urges Americans to take a stand against political violence

President asks voters to reject election-denying candidates in midterms to ‘preserve democracy’. Plus, can Twitter survive Elon Musk?

The Guardian - UK · Nov 3, 2022

Powell: Rate hikes may slow, but inflation fight hardly over

Federal Reserve Chair Jerome Powell sought to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections

The Independent UK · Nov 3, 2022

Apple, Amazon, Tesla, Ford, AMD: Hawkish Fed, COVID-19 Woes Spur Retail Interest In These Stocks Today

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement. 

Benzinga · Nov 3, 2022

ASX falls sharply, Wall Street slumps as Federal Reserve keeps raising rates aggressively

Australian shares close sharply lower, after the US Federal Reserve delivers another 0.75-of-a-percentage-point rise and gives no indication of when they will stop, sending Wall Street tumbling.

ABC News · Nov 2, 2022

Why The Fed's Language On Interest Rates Is Moving Markets Wednesday: 'We Will Stay The Course Until The Job Is Done'

The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after the Federal Reserve raised its benchmark rate by 0.75% for the fourth&

Benzinga · Nov 2, 2022

US Fed delivers big rate hikes, signals next one could be smaller

It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion.

Al Jazeera · Nov 2, 2022

Federal Reserve announces fourth straight interest rate hike to combat inflation

Federal Reserve Chairman Jerome Powell warns ‘we still have some ways to go’ on curbing inflation

The Independent UK · Nov 2, 2022

Fed unleashes another big interest rate hike but hints at a pullback

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year.

Chicago Sun-Times · Nov 2, 2022