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

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 expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallied after the International …

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Fed officials say more rate hikes needed, despite slowing inflation

The Federal Reserve building is pictured in Washington, D.C., U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register Kashkari sticks to his view of 3.9% fed funds rate at end-2022 Evans sees 3.4% policy rate this year Both push back on market expectation for rate cuts next year …

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Home listings surge at record rate as housing market starts to cool

The Peebles Corporation founder and CEO Don Peebles provides expert analysis of the housing market and how COVID-19 has forever impacted the commercial real estate market on ‘Mornings with Maria.’  The national inventory of homes for sale grew at a record pace for a third consecutive month in July, the latest sign that rising borrowing …

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

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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Fed officials signal sharp rate hikes to continue as inflation surges

A pair of top Federal Reserve officials is indicating that additional sharp interest rate hikes are on the way as the central bank scrambles to bring down decades-high inflation. San Francisco Fed President Mary Daly said Sunday that the Fed is “far from done” in its effort to lower prices. Daly is a member of …

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

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 officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable …

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