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Fed likely to continue with rapid interest rate hikes despite inflation respite

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U.S. Bank Wealth Management global investment strategist Tom Hainlin analyzes the utilities sector and reveals what he’s avoiding on ‘The Claman Countdown.’ The rapid pace of inflation eased in July for the first time in months, but the slowdown in price gains is likely not enough for the Federal Reserve to take its foot off …

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Fed could approve 100-basis point interest rate hike after jobs shocker, Citi says

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Former CKE Restaurants CEO explains how the rising cost of labor and wages is impacting the overall economy on ‘Cavuto: Coast to Coast’ The scorching-hot July jobs report raises the risk of a full-percentage point interest rate increase when the Federal Reserve meets in September as policymakers try to crush inflation and cool the labor …

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This early Amazon Samsung Galaxy Z Fold 4 listing has no interest in waiting for Unpacked

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You know, in case all those other leaks weren’t enough for you If you’re like us, you can’t wait for next week’s Samsung Galaxy Unpacked event. Not only do we expect to see a brand new pair of pro-level earbuds, but new sets of wearables and foldables, perfect for enticing you away from the upcoming …

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Bank of England launches biggest interest rate hike in 27 years, predicts lengthy recession

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BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the U.K.’s longest recession since the global financial crisis. …

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Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession

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St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels …

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Bank of England tipped for biggest interest rate hike in 27 years as inflation soars

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LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for a fourth consecutive meeting on Thursday, but faces a touch balancing act between supporting growth and curbing inflation. Dan …

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Royals’ Scott Barlow, Josh Staumont, Michael A. Taylor Drawing Interest

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With just under seven hours until the deadline, the Royals could be an important factor. Mark Feinsand of MLB.com reports that the markets for outfielder Michael A. Taylor, as well as relievers Josh Staumont and Scott Barlow are “heating up.” The fact that the Royals are discussing trading away pieces of their major league roster …

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Activist Elliott snaps up an interest in PayPal. This is what could be next for the payments giant

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The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Company: PayPal Holdings (PYPL) Business: PayPal is a leading technology platform that enables digital payments and simplifies commerce experiences on behalf of merchants and consumers worldwide. The company operates …

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As interest rates rise, the ‘American dream’ of homeownership fades for some

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Homeownership feels out of reach for many Americans. Seth Wenig/AP hide caption toggle caption Seth Wenig/AP Homeownership feels out of reach for many Americans. Seth Wenig/AP Mackenzie Bathgate and her husband, Jon, have been trying to buy a home in Lansdale, PA., for eight months now. “At this point, we’ve seen 28 homes in person, …

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Federal Reserve hikes interest rates for the fourth time this year

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The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation with the announcement of another larger than usual, three-quarters of a percentage point interest rate hike. The increase comes as central banking officials face a tough balancing act: bringing down rising prices amid growing concerns of an economic downturn. The latest increase …

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