interest rates

Stock Market

Dow sinks to 2022 low as recession fears roil world markets – Associated Press

Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P 500 fell 1.7%, close to its 2022 low set in mid-June,

Opinion

Opinion: There Is No Miracle Cure for Inflation – Inside Sources

To say that the Federal Reserve is between a rock and a hard place is an understatement. Markets want a halt to inflation, but they don’t want a full-fledged recession or sustained drop in economic activity. Households and consumers want their dollars to stretch further and not be short-circuited by price increases in things they

Inflation

Fed attacks inflation with another big hike and expects more – Associated Press

Photo: Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022 Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that

Opinion

Opinion: The Fed’s Monetary Framework Is Falling Apart – Inside Sources

The inflation genie is now out of the bottle, and central bankers meeting recently in Jackson Hole, Wyo., found many culprits to blame for inflation: pandemic disrupted supply chains, slower rates of technological change, productivity challenges, demographic transition, Vladimir Putin’s invasion of Ukraine, etc. This smorgasbord of explanations is designed to deflect attention from the

Business

Asian markets open lower after price data slam Wall Street – Associated Press

Asian markets skidded lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy. Tokyo’s benchmark Nikkei 225 lost 2.8% in early trading Wednesday, to 27,816.58, while Sydney’s S&P/ASX 200 declined 2.5% to 6,834.80. In Seoul, the Kospi lost

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