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Here's our plan for Monday after another painful week to own stocks

Here’s our plan for Monday after another painful week to own stocks

Stocks took a beating this week as the Federal Reserve raised interest rates another 75 basis points, the third straight hike of this magnitude. It wasn’t the rate move – which the market had been pricing in – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a …

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European markets slide as investors digest more interest rate hikes;  BOE decision to come

European markets slide as investors digest more interest rate hikes; BOE decision to come

Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …

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Yen Weakens After Bank of Japan Holds Rates;  Asian markets tumble amid hawkish Fed

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed

Oil prices climb after Fed rate hikes, demand fears persist Oil prices rose after the Fed’s third consecutive rate hike. Reuters also reported that Chinese refiners expect the country to release up to 15 million tonnes of petroleum product export quotas for the rest of the year, citing people with knowledge of the matter. Brent …

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Yen Weakens After Bank of Japan Holds Rates;  Asian markets tumble amid hawkish Fed

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed

Fed hike should keep Asian risk assets under pressure, says JPMorgan Asian risk assets, especially export-oriented companies, will remain under pressure in the near term after the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong U.S. dollar is likely to persist, but monetary …

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Fed should now keep raising rates, then hold them there, CNBC survey finds

Fed should now keep raising rates, then hold them there, CNBC survey finds

US Federal Reserve Chairman Jerome Powell gives a press briefing following the surprise announcement that the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally seems to be embracing the idea that the Federal Reserve will raise rates into restrictive territory and …

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Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. It is strictly a creature of the government’s major economic reports – the consumer price index, producer price index, industrial production, retail sales and, of course, employment figures not agricultural. He also cares about what his colleagues …

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Here are Friday's biggest analyst calls: Amazon, FedEx, Tesla, Apple, Snowflake and more

Here are Friday’s biggest analyst calls: Amazon, FedEx, Tesla, Apple, Snowflake and more

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data) shows indexed spend was +2.0% m/m in August, compared to the three-year average of +1.0%. Positively, quarterly data seems to follow +15% where September should be …

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