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Fed minutes: May 2022 – Monetary policy may move into restrictive territory

Federal Reserve officials stressed earlier in the month that they needed to increase interest rates rapidly and perhaps more quickly than market expectations to address a growing inflation problem. Meeting minutes were released Wednesday.  The need to hike benchmark borrowing rates by 50% was recognized by policymakers. They also indicated the possibility of similar rises […]

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5 things to know before the stock market opens Wednesday, May 25

These are the top news, trends, and analyses that traders need in order to get started with trading. 1. Nasdaq futures fell after the tech-heavy index dropped more than 2.2% Traders in the NYSE Floor, May 23, 2022. Source: NYSE U.S. stock futuresTuesday, one day following the NasdaqAs of 2.4% SnapMany other tech stocks fell […]

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Mortgage demand slides further, even as interest rates pull back slightly

An advertisement for sale is placed in front of the home listed at $1,000,000 on April 29th, 2022 in San Francisco. Justin Sullivan | Getty Images The Mortgage Bankers Association reported that mortgage rates dropped for the second week straight, although it was not enough to drive demand for refinances or new purchase loans. The […]

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Recession won’t strike stocks despite ugly market

Retail investors are looking for exits when stock prices fluctuate sharply, but Julian Emanuel from Evercore ISI wants to make money. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The way to higher” [stock]Prices really are a […]

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Goldman Sachs says the selling won’t stop until this happens

According to Goldman Sachs, the current market slump won’t stop unless the Federal Reserve reverses its tighter monetary policy. The firm believes that this unlikely will happen until either the economy is in recession or shows signs that it doesn’t need to continue braking the pedal. Vickie Chang from Goldman, strategist for Goldman said this […]

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Americans worried about the economy even before inflation boom, Fed survey shows

On May 16th, 2022, a man shop for meat in a Safeway grocery near Annapolis, Maryland. Americans are preparing for sticker shock this summer as inflation increases. AFP | AFP | Getty Images A Federal Reserve survey published Monday found that Americans are already becoming nervous about their country’s economic health. According to the Fed’s […]

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5 things to know before the stock market opens Monday, May 23

These are the top news, trends, and analyses that traders need in order to get started with trading. 1. S&P 500 set to open higher after narrowly avoiding a bear market close Traders at the NYSE May 20, 2022 Source: NYSE Dow futuresThe Monday rally saw a 350 point increase in the stock market 30-stock […]

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5 things to know before the stock market opens Friday, May 20

These are the top news, trends, and analyses that traders need in order to get started with trading. 1. Stock futures rise after S&P 500 closes on brink of a bear market Traders operate on the New York Stock Exchange (NYSE), in Manhattan. New York City. U.S.A, May 19, 2022.  Reuters| Reuters U.S. stock futuresOne […]

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Strategists reveal how to trade the sell-off

Strategists and investors have shared their strategies for playing the tech market. They cited several stocks that they believe could offer investment opportunities. Apex Financial Service president Lee Baker described Apple and Microsoft to be “good solid” companies that investors should consider. Speaking to CNBC’s Squawk Box Europe on Friday — before the market’s temporary […]

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Stephen Roach gives stagflation warning, calls peak inflation absurd

Stephen Roach (ex-chairman of Morgan Stanley Asia) says that Stagflation may be making a comeback. He warned that the U.S. was on a dangerous course, which will result in higher prices and slower growth. Roach said that “this inflation problem is widespread,” was persistent, and will likely be protracted.” Roach also spoke on CNBC’sFast Money” […]