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US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks closed sharply lower on Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose to the following the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow Jones fell 4% while …

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Historic rate hikes mark biggest 6-month rise in 41 years: what you should do with your money

Historic rate hikes mark biggest 6-month rise in 41 years: what you should do with your money

The Federal Reserve announced on Wednesday that it would raise benchmark interest rates by three-quarters of a percentage point and signaled that more hikes were to come. The rise is the third consecutive move of 0.75 percentage points and the fifth increase in the past six months – all part of a central bank effort …

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Gold is so unloved it's becoming immune to oversized Fed rate hikes - MKS Shiels

Gold is so unloved it’s becoming immune to oversized Fed rate hikes – MKS Shiels

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here! (Kitco News) – The gold market is showing relative strength amid rising interest rates and a U.S. dollar that continues to trade near its highest …

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America's reliance on credit cards is growing.  Fed rate hike will make things more painful |  CNN Business

America’s reliance on credit cards is growing. Fed rate hike will make things more painful | CNN Business

CNN — As prices continue to rise, Americans are increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter percentage point hike, many of them will be paying more for the debt they’ve accumulated. Interest rates on nearly all credit cards and home equity lines of credit will rise …

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European markets slide as investors digest further rate hikes

European markets slide as investors digest further rate hikes

Opening of the market: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading on Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The public energy company transferred its stake in a nationalization agreement. French hotel company Accor saw its …

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Turkish lira hits new high against dollar as investors brace for another rate cut

Turkish lira hits new high against dollar as investors brace for another rate cut

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 a.m. in Istanbul and continuing its fall of more than …

Turkish lira hits new high against dollar as investors brace for another rate cut Read More »

Turkish lira hits new high against dollar as investors brace for another rate cut

Turkish lira hits new high against dollar as investors brace for another rate cut

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 a.m. in Istanbul and continuing its fall of more than …

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Stocks fall as Powell speaks

Stocks sell off as Fed sees new ‘terminal’ rate

Dow Jones futures fell slightly overnight, along with S&P 500 and Nasdaq futures. The stock market fell sharply on Wednesday after the Federal Reserve aggressively rose again and signaled a higher peak, or “terminal” rate. X This is a stock market correction. Investors should remain cautious, but on the lookout for big names. Celsius Fund …

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Fed orders another big interest rate hike as it battles stubborn inflation

Fed orders another big interest rate hike as it battles stubborn inflation

Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on September 19, 2022 in Washington, DC. The Federal Open Market Committee (FOMC) concluded its two-day meeting on interest rates this afternoon. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on …

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