Fed to Lift Rates by 75 Basis Points in July, 50 bps in September - Reuters Poll
Fed will deliver 75-basis-point rate hike in July, followed by half-percent-point rise in Sept., won't scale back to .25 till Nov. per Reuters poll.
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Shoppers Are Facing Shortages of Beer to Popcorn This Summer
Over past few months, seemingly random foods have become wildly expensive or hard to find. A sign that world supply chains are still under pressure.
What Biden Is Getting Wrong About Big Oil’s Profits
President Biden singled out ExxonMobil for reaping big profits as a result of high oil and gas prices.
JPMorgan Strategists Say Stocks Imply 85% Chance of US Recession
The S&P 500 now implies an 85% chance of a US recession amid fears of a policy error by the Federal Reserve.
Market Rout Evokes Memories of Trading Before Lehman Blowup
Quincy Krosby couldn’t wait for trading session to be over. It was one of those days with losses so gigantic that looking at stocks wasn't enough.
If You Thought the Tech Rout Was Bad, Spare a Dime for Retailers
The MSCI World Retailing Index is on track for its first negative year since 2008. The gauge was down about 29% in 2022.
Key Signal Shows It’s Time to Worry About Junk Bonds
The chasm -- now at the widest since May 2020 -- underscores anxiety among investors as fears of recession in Europe and the US mount.
