Category: Jerome Powell
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The Fed faces a growing split in opinion over what to do next
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[ad_1] With nearly all the significant data points in the books, the Federal Reserve is heading for a decision next week that looks increasingly like a lose-lose proposition. Raise interest rates too little and the Fed could lose control of inflation. Hike too much and it increases the risk of torpedoing the economy into a…
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Biden’s reality bites! Worse downturn seen
[ad_1] The headline numbers are looking good for Joe Biden lately. He recently won a major legislative victory and his approval ratings are ticking higher, meaning that the manifold failures of his presidency may be a thing of the past. With Biden seemingly less sleepy, the Dems may not be blown out in the upcoming…
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Hong Kong’s Hang Seng rises 2%, leads Asian markets higher after Powell’s inflation comments
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in Asia’s economy, Australia, Australian Dollar/US Dollar FX Spot Rate, Breaking News: Asia, Breaking News: Markets, Business, business news, Chicago, China, DXY US Dollar Currency Index, Economic events, Hang Seng Index, Hang Seng TECH Index ETF, ICE Brent Crude (November 22), Japan, Jerome Powell, KOSPI Index, Markets, Minneapolis, national debt, Neel Kashkari, Nikkei 225 Index, Osaka, Prices, S&P/ASX 200, Shanghai, Shenzhen, SHENZHEN COMPONENT INDEX, south korea, United States, United-Guardian Inc, USD/JPY, World Markets, WTI Crude (October 22)[ad_1] Bilibili plunges 16% at the open after reporting a second-quarter loss Hong Kong-listed shares of Chinese video and games company Bilibili fell more than 16% at the open after reporting a second-quarter earnings miss overnight. The company reported a net loss of more than $300 million — almost double the reported loss for the…