Senate confirms Lisa Cook as the first Black woman on the Federal Reserve Board WASHINGTON — The Senate voted Tuesday to confirm Lisa Cook as the first Black woman to join the Federal Reserve Board. Tribune News Service · May 11, 2022
Senate confirms Lisa Cook as the first Black woman on the Federal Reserve Board - Roll Call The Senate voted Tuesday to confirm Lisa Cook for the Federal Reserve Board. She will be the first Black woman on the board. Roll Call · May 10, 2022
Why Did The Nasdaq Index Fall 5% On Thursday? The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R Benzinga · May 9, 2022
15 Best Dividend Stocks Across These 3 Key Sectors The Fed’s recent interest rate hike of 0.5% is the most significant in over 20 years. Chairman Jerome Powell expects several additional rate hikes through the end of 2022 and into 2023 amid the highest inflation the United States has seen since December 1981. Benzinga · May 9, 2022
EXPLAINER: Recession fears grow. But how high is the risk? Inflation is at a 40-year high The Independent UK · May 9, 2022
Congressional Democrats urge Dallas Fed to select a Latino for president Twenty-two Democratic members of Congress are urging the Federal Reserve Bank of Dallas to appoint the first Latino regional president to fill the top position that’s been vacant since October. Tribune News Service · May 9, 2022
3 Top-Quality Tech Stocks Rated 'Strong Buy' Despite the continuing market correction, the Fed is largely optimistic about a resilient U.S. economy and a rebound in the coming quarters. So, quality tech stocks Playtika (PLTK), Genpact (G), and VMware (VMW) could be solid bets now. They are rated Strong Buys in our proprietary rating system. Read on. StockNews.com · May 6, 2022
Dow drops 1,000 points on worst day since 2020 amid fears over economic recovery The Nasdaq fell 4.99 per cent to finish at 12,317.69, its lowest closing level since November 2020 The Independent UK · May 6, 2022
US posts robust job gains while wage growth shows moderation U.S. employment continued to increase at a robust pace in April and wage growth moderated, though a surprise drop in the participation rate suggests the labor market will remain exceedingly tight. Tribune News Service · May 6, 2022
US job growth remains healthy WASHINGTON: US employment continued to increase at a robust pace in April and wage growth moderated, though a surprise drop in the participation rate suggests the labour market will remain exceedingly tight. Bangkok Post · May 6, 2022
The US jobs market continues its strong comeback from the pandemic U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%. WEKU · May 6, 2022
The U.S. jobs market continues its strong comeback from the pandemic U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%. WEKU · May 6, 2022
The Week Ahead: Hoping for a turn in inflation trend, Fed will fight on Now that the Federal Reserve has polished up its inflation-fighting credentials, has consumer inflation topped out? Miami Herald · May 6, 2022
$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc The ASX plunges by nearly $60 billion after Wall Street stocks plummet, as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time. ABC News · May 5, 2022
The Guardian - US · May 5, 2022 US stocks see worst day this year as Fed rate hike rattles investors Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation
WEKU · May 5, 2022 Stocks dive as fears about the economy intensify The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
WEKU · May 5, 2022 The Dow Jones tumbles over 1,100 points as fears about the economy intensify The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
Reason · May 5, 2022 The Satanic Temple: If Christians Can Raise Flag at Boston City Hall, We Can Raise Ours Too Plus: The push to abolish the Senate, Feds hike interest rates by 0.5 percent, and more...
Tribune News Service · May 5, 2022 Falling jobless rate is set to complicate Fed’s inflation fight The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.
Bangkok Post · May 5, 2022 Asian, European markets rise as US Fed eases fears of huge rate hike Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.
The Guardian - UK · May 5, 2022 Pound tumbles to two-year low as stagflation fears rise – as it happened Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%
The Independent UK · May 5, 2022 Asian stocks rise after Fed chair downplays bigger rate hike Asian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades
Al Jazeera · May 5, 2022 Asian shares rise as US Federal Reserve strikes less hawkish tone Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.
Benzinga · May 5, 2022 Bitcoin, Ethereum, Dogecoin Rally After Fed Hikes Rates As Expected: Why This Analyst Thinks It's A 'Fakeout' Rather Than Breakout Bitcoin traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion.
Benzinga · May 4, 2022 Powell Says More Hikes Are Likely Coming, But US Economy Is 'Well Positioned' To Handle Them Federal Reserve Chairman Jerome Powell had some relatively soothing words for the markets after the Fed on Wednesday raised its target fed funds rate by 0.5% to a new range of between 0.75% and 1.0%.