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inflation

Oil Falls Below $80 En Route to Biggest Run of Weekly Losses This Year

Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up their fight against inflation at the cost of growth. West Texas Intermediate dropped below $80 a barrel on Friday for the first time since January and was set for a fourth week of declines. The Federal …

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U.S. stocks rise ahead of Fed decision even as Putin escalates war footing

U.S. stock indexes rose on Wednesday, ahead of another expected sharp interest rate rise by the Federal Reserve and after Russian President Vladimir Putin escalated his war against Ukraine. How are stock indexes trading The Dow Jones Industrial Average  DJIA, 0.53% rose 143 points, or 0.5%, to 30,853 The S&P 500  SPX, 0.63% gained 18 points, or 0.5%, to 3,873 The …

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The repo market, explained — and why the Fed has pumped hundreds of billions into it

Bloomberg / Contributor / Getty Images   For nearly two years, the Federal Reserve has been entangled in what’s basically one of the world’s most important pawn shops: “the repo market.” Short for repurchase agreements, the repo market is a complicated, yet important, area of the U.S. financial system where firms trade trillions of dollars’ worth of debt …

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Gold, silver feeling the pressure from hawkish central banks

Gold and silver prices are modestly lower in midday U.S. trading Tuesday. Hawkish monetary policies from the U.S. Federal Reserve and other major central banks of the world have cast a pall over the stock and financial markets at present, but have boosted U.S. Treasury yields and the U.S. dollar index—both of which are competing assets with the …

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The mighty dollar may be about to crack, says this strategist, who offers stocks to watch on either side.

Critical information for the U.S. trading day The Dollar Seems To Be Falling There’s no near-term respite in sight for stocks as a new week begins, with futures tumbling ahead of what many see will be a firm foot by the Fed “on the brake pedal this week.” Technical analysts are warning that markets are …

The mighty dollar may be about to crack, says this strategist, who offers stocks to watch on either side. Read More »

Mortgage rates surpass 6 percent for the first time since 2008

Borrowing costs have doubled in the past nine months as the Federal Reserve has increased interest rates The 30-year fixed-rate average hit 6.02 percent this week, reaching its highest level in 14 years. (Jim Lo Scalzo/EPA-EFE/REX/Shutterstock) Mortgage rates surpassed 6 percent for the first time in 14 years as inflation proved resistant so far to …

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The ‘biggest crash in history’ is here – should you protect yourself with gold, silver, and livestock? – Robert Kiyosaki

he S&P 500 has lost 18 percent of its value over the year, and it is only going to get worse, according to Robert Kiyosaki, best-selling author of the Rich Dad, Poor Dad series. Kiyosaki suggested that investors protect their portfolios with “hard assets” like gold, silver, and livestock, as the “biggest crash in history” …

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Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data

Market pricing in 20% chance of 100 basis point hike seen as ‘over the top,’ economist says Federal Reserve Chairman Jerome Powell gives a press briefing at the start of the pandemic in 2020. ERIC BARADAT/AFP/GETTY IMAGES Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next …

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Fed’s Powell says bringing down inflation will cause pain to households and businesses

Fed will keep at task of lowering inflation ‘until the job is done,’ chairman says Federal Reserve Chairman Jerome Powell was confirmed to a second four-year term earlier this year with strong bipartisan vote in the Senate. DAVID PAUL MORRIS/BLOOMBERG Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat …

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Markets are wrong about Fed pivot; Powell will keep raising rates, and a year-long recession will ensue

Despite a poor performance over the year, stock markets have rallied recently, with the S&P 500 up by 8.8 percent over the last month. This is partly due to expectations that the Fed will pause with its tightening cycle, or pivot and start reducing rates early next year. Danielle DiMartino Booth, Founder and CEO of …

Markets are wrong about Fed pivot; Powell will keep raising rates, and a year-long recession will ensue Read More »

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