Fed Says Commitment to Restoring Price Stability ‘Unconditional’
Fed Reserve said it would do what is needed to get prices under control, reiterating price stability is necessary to support a strong labor market.
Recent
Wall Street Sounds a Louder Recession Call After Fed Rate Hike
Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994.
Fed: 'Be Careful What You Wish For' On Interest Rates, Top Strategist Warns
If the Fed delivers a massive rate hike in one shot — or a series of 100 basis point increases — it could badly stunt economic growth.
JPMorgan’s Marko Kolanovic Says US Will Avoid Recession
Surge in bond yields rattled global stock and currency markets has gone too far, leaving door open for Fed to stun investors with less hawkish policy.
Wall Street’s Latest Bear Market May Be Here to Stay for a While
This is the fourth such event for the S&P 500 Index over the past two decades. Earlier ones in 2000 and 2008 took much longer to find a bottom.
How Long Does the Average Bear Market Last?
S&P 500 entered bear market country on June 13, down 21% from its high on Jan. 3, while Nasdaq has been in a bear market since March 2022.
UPDATE 1-Bank of America CFO Says Loan Books Show No Sign of Recession
BofA CFO Alastair Borthwick said its loan portfolio was not showing any signs of a looming recession.
