The Fed raises rates by another half a percent. Markets react strongly in the red. We have expert insight. Hedge fund billionaire Ken Griffin is suing the IRS for leaking tax returns—the tax returns of America’s 25 richest people, of which he is one. Republican-led states are calling on Apple and Google to stop labeling…
NTD Business (Dec. 14): Fed Hikes Rate Again, Hints More to Come; Hedge Fund Billionaire Ken Griffin Sues IRS
NTD Business (Nov. 30): House Passes Bill to Avert Rail Strike; Fed Chair Signals Smaller Rate Hikes
The U.S. House of Representatives is taking action to avert a rail strike—passing a bill to impose a labor deal on U.S. rail workers. The Federal Reserve will slow down its rate hikes, and it could come as early as next month. The stock market rallied on the news. India is launching its first digital…
Wall Street Closes Sharply Higher as Inflation Data Fuels Investor Bets on Fed Rate Hike Slowdown
November 10, 2022
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2022 Midterm ElectionsBusiness & MarketsDow Jones industrial averageeconomyFed Rate HikeinflationMarketsmidterm election resultsNASDAQPoliticsS&P 500stocksUSwall street expectations
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Wall Street registered its biggest rally since 2020 on Thursday following October’s inflation report suggesting a peaking of decades-high consumer prices, and investor optimism regarding a possible slowing down on Fed rate hikes. The S&P 500 closed Nov. 10 at 3956.37 with a 5.54 percent increase; Dow Jones by 3.40 percent at 33,715.37 with an…
Fed’s Evans: Managing Unemployment Under 5 Percent While Curbing Inflation Would Be ‘Good’ Outcome
October 20, 2022
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Business & MarketsCharles EvanseconomyFed Rate Hikefederal funds rateinflationrecessionunemployment and interest ratesUS
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If the Federal Reserve manages to rein in inflation while sustaining unemployment levels under 5 percent, that would be considered “good,” said Charles Evans, president of the Federal Reserve Bank of Chicago, on Wednesday in remarks at the University of Virginia. Based on policy projections outlined after the September Fed meeting, interest rates targeted at…
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