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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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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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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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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 aggressive rate hikes raise likelihood of a recession

Source: By Paul Wiseman | AP Federal Reserve Chairman Jerome Powell news conference is displayed on televisions while traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point …

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World Bank warns global economy may suffer 1970s-style stagflation

A customer talks with a porter at a wholesale produce market on the outskirts of Lima, Peru, early on June 6. Peru is facing the highest inflation in decades, at 8.09 percent, according to the country’s statistics institute. (Martin Mejia/AP) The global economy may be headed for years of weak growth and rising prices, a …

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Brace For A Double Whammy In The Stock Market

  And now that U.S. stocks have broken a historic string of weekly losses, market analysts are looking to technical indicators to determine where the “danger zone” for equities might lie. The ‘danger zone’ According to Jonathan Krinsky, a market technician at BTIG, the new “danger zone” for U.S. stocks corresponds roughly with the 50-day …

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