hiking

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. Most Read from Bloomberg The Federal Open Market Committee will raise rates by 75 …

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Artemis I rocket rolled back inside as Hurricane Ian tracks toward Florida |  CNN

Artemis I rocket rolled back inside as Hurricane Ian tracks toward Florida | CNN

Editor’s Note: Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advances and more. CNN — NASA has rolled the massive Artemis I mega moon rocket back into its hangar, called the Vehicle Assembly Building, at the Kennedy Space Center in Florida to protect it from Hurricane …

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To Halt Yen's Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates.  Won't Work for Long.  Markets Can Win this Battle

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle

Rate hikes to keep up with the Fed would work. But the Bank of Japan still digs in its heels. Its balance sheet has shrunk for months though. By Wolf Richter for WOLF STREET. The Bank of Japan is now getting serious about propping up the yen with direct market intervention, after jawboning by the …

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle Read More »

No Escape From Biggest Bond Loss in Decades as Fed Keeps Hiking

No Escape From Biggest Bond Loss in Decades as Fed Keeps Hiking

(Bloomberg) — Investors who might be looking for the world’s biggest bond market to rally back soon from its worst losses in decades appear doomed to disappointment. The US employment report on Friday illustrated the momentum of the economy in the face of the Federal Reserve’s escalating effort to cool it down, with businesses rapidly …

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Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode

Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode

75 basis point hike in September is almost a done deal, says Shah The stronger-than-expected July jobs report means that the Federal Reserve will likely raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike markets expected, Seema Shah, chief global strategist at Principal Global Investors, …

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