US stocks drop at the open, still reeling from tough Powell speech

US stocks drop at the open, still reeling from tough Powell speech

This post was originally published on this site Equities on Wall Street headed further into negative territory on Monday, still feeling the sting of the no-nonsense speech Federal Reserve Chair Jerome Powell last week. The Fed warned of “pain” ahead for Americans in the battle against inflation, with no chance...

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The Fed Should Be Ready to Backstop the Commodities Market

The Fed Should Be Ready to Backstop the Commodities Market

This post was originally published on this siteA market breakdown could have far-reaching economic consequences. The central bank must be prepared to lend emergency support.

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Mortgage Rates Top 4% for the First Time Since 2019

Mortgage Rates Top 4% for the First Time Since 2019

This post was originally published on this siteRising borrowing costs pose another challenge for would-be homeowners already facing soaring home prices.

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Possible US job boom in December lynchpin to Fed rate hikes

Possible US job boom in December lynchpin to Fed rate hikes

This post was originally published on this site The American economy likely saw strong job gains in the final month of 2021, which could shorten the timeline for the US central bank to raise interest rates. The Federal Reserve has been setting the stage to increase borrowing costs more aggressively...

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Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes

Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes

This post was originally published on this siteThe Fed has kept its key rate near zero since the COVID-19 pandemic triggered a deep recession in March 2020.     

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