hikes

Oil falls around 3% as investors eye U.S. Fed rate hikes

Oil falls around 3% as investors eye U.S. Fed rate hikes

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com Register Powell says Fed ‘strongly committed’ to bringing down inflation Biden asks Congress to pause …

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Fed’s interest rate hikes may mark start of tough new economic climate

Fed’s interest rate hikes may mark start of tough new economic climate

Placeholder while article actions load When the Federal Reserve raised interest rates last week by the largest amount since 1994, it did more than declare war on inflation. The U.S. central bank also launched a high-stakes test of the economy’s ability to shed its dependence on limitless credit and tolerate higher borrowing costs for consumers, …

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Trader Peter Tuchman works on the floor of the New York Stock Exchange as stocks are opening broadly lower on Wall Street as traders worry about the impact on companies of a slowdown in China's economy.

S&P 500, Dow, Nasdaq fall as rash of rate hikes fuel recession fears

Wall Street stocks plunged after a handful of central banks around the world followed the Federal Reserve and raised interest rates to stymie soaring inflation. The Standard & Poor’s 500 index, already in a bear market (defined as at least 20% below its record high), closed down 123.22 points, or 3.25%, at 3,666.77. The Nasdaq, …

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