The House of Representatives has passed the SECURE Act 2.0, otherwise known as the Securing a Strong Retirement Act. This bill tweaks the laws around tax-advantaged retirement accounts in several diff...
Tag: hikes
Stocks surge as Fed hikes rates by 75 basis points
U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may s...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’ – Economics Bitcoin News
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central ba...
Worried about mortgage interest rates? Here’s what the Fed’s rate hikes mean
Federal Reserve Chairman Jerome Powell in June. (Jacquelyn Martin / Associated Press) If you’re in the market for a new mortgage or if you have one with an adjustable interest rate, you may worr...
Fed hikes rates by 75 bps; reaches twin milestones ahead of GDP data
In line with market expectations, Chairman Powell and the members of the FOMC, raised the federal funds rate by 0.75%, for a second consecutive time. In a unanimous vote, the policy corridor was raise...
Dow Jumps 400 Points After Fed Hikes Rates By 75 Basis Points
Topline The stock market jumped on Wednesday after the Federal Reserve raised interest rates by 75 basis points for the second consecutive month in a row, with Fed Chair Jerome Powell hinting that the...
How portfolios are shifting as the Federal Reserve hikes rates again
The Good Brigade | DigitalVision | Getty Images Here’s how portfolio allocations have shifted “We’re attempting to address both inflation and recession concerns,” said certifie...
Fed Readies Largest Rate Hikes Since Volcker: Decision-Day Guide
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Chair Jerome Powell is set to deliver the ...
What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus
The Federal Reserve has its last FOMC meeting on July 27 before it breaks for 2 months. All eyes are on whether FED chair Jerome Powell will follow the market consensus of 75 basis points (bp) or look...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
Crypto Traders Split on Upcoming Fed Rate Hike’s Impact on Bitcoin
“There is no doubt that Powell will pivot, but the pivot will not be this year, at least until November, and there will be no significant reduction in rate hikes (like 25 bps). The reason is tha...
Is Bitcoin Getting Ready to Rebound in the Wake of Interest Rate Hikes?
Despite Bitcoin’s volatility sinking, this might indicate its quest to return to winning ways, according to Bloomberg analyst Mike McGlone. McGlone stated: “The lowest-ever Bitcoin volatility vs...
Expect Two Recessions, and a Quick End to the Fed’s Interest-Rate Hikes
Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was head...
Why does the Fed raise interest rates? And how do those hikes slow inflation?
As Americans brave record inflation, the Federal Reserve is continuing its efforts to rein in prices by jacking up interest rates. The release of the Consumer Price Index earlier this month revealed t...
Funding Rounds with Hashflow and Kucoin, European Central Bank Hikes Interest Rates, Coinbase’s Ex-employee Arrested for Insider Trading
Funding rounds continued as Hashflow raised $25 million, while Kucoin received a $10 million strategic investment. Ex Coinbase employee arrested for insider trading, while the ECB hikes interest rates...
Expect Two Recessions, and a Quick End to the Fed’s Hikes
Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was head...
Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week
(Bloomberg) — Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economist...
European Central Bank Hikes Interest Rates in Surprise Move, Bitcoin Remains Steady
The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points (0.5 percentage points) and therefore brought its deposit rates back to zero from -0.5%. The hike was a surprise mo...
Inflation to stay “undesirably high” as ECB hikes rates for the first time in over a decade
In a historic move, Christine Lagarde and the European Central Bank (ECB) raised the policy rate for the first time since 2011. In its decision, the Governing Council hiked the key policy rate by 50 b...
Stocks finish mixed as investors weigh rate hikes, recession fears
U.S. stocks extended losses Thursday as investors digested earnings and recession talk from Wall Street’s big banks while reeling from shock inflation data that raised the possibility of a 100 b...
Bigger Rate Hikes, Higher Inflation And Ukraine War
Topline JPMorgan, the nation’s largest bank, kicked off second-quarter earnings season on Thursday with worse-than-expected results spurred by the market’s deteriorating conditions, prompt...
Dow Plunges 600 Points After ‘Underwhelming’ JPMorgan, Morgan Stanley Earnings As Investors Fear Even Bigger Rate Hikes
Topline The stock market plunged on Thursday as several big banks kicked off earrings season with disappointing results and warnings about the economy, while investors continue to worry that surging i...
TSMC Hikes Outlook Yet Delays Spending as Uncertainty Persists
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial projections, reflecting uncer...
Costco hot dogs are safe from price hikes despite inflation, CEO says
Some good news for inflation-weary Americans: There will be no price hike on Costco‘s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a...
Bitcoin Falls Again Following News of Rate Hikes
Bitcoin briefly rose beyond $21,000 per unit – only to fall back to around $20,600 at the time of writing following news that the Fed was hiking rates another 75 points. Bitcoin Takes Another Dip The ...
Levi Strauss hikes dividend as Q2 earnings exceed expectations
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reporte...
Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’
Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that ...
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit – Economics Bitcoin News
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are f...
Vital TSMC Supplier Warns of Chip Material Price Hikes Into 2023
(Bloomberg) — Japanese chemicals supplier Showa Denko K.K. expects to further raise prices and cut back unprofitable product lines as it grapples with a barrage of economic challenges confrontin...
Bitcoin Maintains $30K Despite ECB Rate Hikes
Bitcoin has been holding steady as of late. While it may be a little too early to determine if the world’s number one digital currency by market is making its way out of the doldrums and potentially r...
Economy still not ready for big rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflati...