Tag: US

Fed on Alert for One More Hike After ‘Disappointing’ Inflation

(Bloomberg) — Hotter-than-expected inflation likely ensures the Federal Reserve keeps its options open to raise interest rates again in November or December following an expected pause this month.Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceCiti Plans Job Cuts as It Revamps Top Management StructureApple’s iPhone 15 Debut Includes H
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Hot Jobs Report Raises Odds Fed Keeps Rates Higher for Longer

(Bloomberg) — The unexpected pickups in US hiring and wages last month increase chances the Federal Reserve will hold interest rates high for longer and potentially keep the door open to an 11th straight hike in June.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveSEC Investigates Trades by First Republic Executives Before Sale to JPMorganHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsBMW Warns Owners ‘Do Not Drive’ 90,000 Cars Reca
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US Mortgage Rates Soar Past 7% for First Time in Two Decades

(Bloomberg) — Mortgage rates in the US crossed 7% for the first time in more than two decades. Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitThe average for a 30-year, fixed loan rose to 7.08% from 6.94% last week, Freddie Mac said in a statement Thursday. That’s the first time the measu
— Read on ca.finance.yahoo.com/news/us-mortgage-rates-soar-past-140000890.html

US Economy Shows Worst Is Yet to Come, With Cooling Just Starting

(Bloomberg) — The US economy’s recent rebound is looking like a high-water mark for the expansion.Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitWhile government data on Thursday revealed US gross domestic product rose 2.6% at an annualized rate in the third quarter, that gain merely made
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Fed Seeking to Find Where ‘Phantom Menace’ Neutral Rate Sits

(Bloomberg) — Federal Reserve Chair Jerome Powell and his colleagues are on the march to return ultra-loose monetary policy and accommodative financial conditions to more normal levels. The trouble is, their destination is uncertain and the terrain may be shifting as they forge forward with higher interest rates.Most Read from BloombergChina Finds New Virus Subtype as Daily Cases Exceed 13,000A 30-Year-Old Crypto Billionaire Wants to Give His Fortune AwayUkraine Update: Kyiv Warns Russia Is Add
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U.S. and China Rush in Opposite Directions to Save the Global Economy

(Bloomberg) — The firebreak between mounting economic threats and a continuation in the global recovery: an imposing concrete and glass structure in the heart of Beijing’s financial district, elephant statues guarding the door, the Chinese flag flying above.Most Read from BloombergPowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapAstronomers Spot Never-Before S
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