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THE TRUTH ABOUT: 3 - Caught on Camera

Biden's top economic adviser to leave White House

Biden said Thursday that Deese’s work was “critical” to shaping his economic agenda.

Axios

A tale of two job markets

Layoffs signal trouble ahead, yet other key indicators show an economy that's chugging along.

Axios

Fed's Brainard backs smaller hikes, saying inflation easing

Federal Reserve Vice Chair Lael Brainard noted Thursday that recent reports show high inflation in the United States is cooling and suggested it was possible that price acceleration may cool without causing significant job losses

The Independent UK

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3 Stocks That Are Too Good of Deals to Pass up Right Now

While the Fed has indicated a slowdown in rate hikes ahead, inflation expectations for the upcoming year have increased. With industry leaders warning of a recession in the near future, fundamentally strong dividend-paying stocks Microsoft (MSFT), The Mosaic (MOS), and Bluegreen Vacations Holding (BVH) might be worth owning now. Read…

StockNews.com

ASX edges lower, RBA admits reputational damage over low rates forecast, AGL investors back board overhaul

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

ABC News

Fed Vice Chair Brainard is 'reassured' by inflation report

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

The Independent UK

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

The Guardian - US

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ASX reversed gains, Aussie dollar dips below 63 US cents, business activity booms in September

Australian shares pare gains while key surveys show business activity and consumer spending are still strong despite rapid rate increases.

ABC News

US Stocks Open Lower; Dow Tumbles 400 Points

U.S. stocks traded lower this morning, with the Dow Jones dropping around 400 points on Friday.

Benzinga

Will The Fed Funds Rate Continue To Go Up? Fed Officials Weigh In On How To Reduce Inflation

The Federal Reserve is back on center stage as high inflation continues to drill holes in the pockets of Americans. What Happened On Wednesday, the Fed released its Beige Book for September, sharing an official analysis of the economic conditions and prospects of the country.

Benzinga

Fed's Brainard: There's a risk of raising rates too much

No. 2 official also says falling profit margins would help with inflation

Axios

Fed's Brainard: Rates to rise higher, stay elevated longer

A top Fed official says the Federal Reserve will need to continue lifting its short-term interest rate to a level that restricts economic growth and keep it there for an extended period

The Independent UK

Fed Plans 2023 Launch of Faster Payments System

The Federal Reserve is set to launch a long-awaited faster payments system by next summer, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.

Bangkok Post

Market Weakness Continues Following Powell's Warning Of Interest Rate 'Pain': Catalysts To Watch This Week

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by another 0.8% on Monday morning after a 3.4% plunge Friday in the wake of bearish com

Benzinga

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The Independent UK

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

WEKU

Senate approves Lisa Cook as first Black woman on Federal Reserve board of governors

Cook is only the second of Biden's five nominees for the Fed to win Senate confirmation. His Fed choices have faced an unusual level of partisan opposition.

The Independent UK

Senate approves Lisa Cook as first Black woman to Fed post

The Senate has confirmed Michigan State economist Lisa Cook to serve on the Federal Reserve’s board of governors

Tribune News Service

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote

The Senate voted 52-43 Tuesday to confirm Lael Brainard, a member of the Federal Reserve board, to become vice chair, but fell short of the votes needed to move forward with Lisa Cook’s nomination to join the board.

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The Independent UK

Brainard wins Senate confirmation to be Fed's vice chair

The Senate confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades

Roll Call

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote - Roll Call

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.

Benzinga

Which Federal Reserve Members Move The Markets Most With Their Public Comments?

When Federal Reserve members talk, investors listen. Some Fed members understandably tend to move the stock market more than others.

Benzinga

US Central Bankers Remain Divided On Post Pandemic Inflation Outlook

U.S. central bankers remain divided on inflation as a recurring problem requiring repeated rate hikes, Reuters reports.

ABC News

New Zealand interest rates jump 0.5pc in 'highly uncertain' environment, ASX lifts on surging oil price

New Zealand announces its fourth straight interest rate hike, US consumer prices rise at their fastest pace since 1981, while surging commodity prices boost the Australian share market.

Tribune News Service

Fed is ‘methodically’ tightening policy to neutral, Brainard says

Federal Reserve Governor Lael Brainard said the U.S. central bank will move “expeditiously” to raise interest rates and return surging inflation to its 2% target.

The Independent UK

Fed casting its inflation fight as battle against inequality

As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality

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