Wall Street is growing increasingly concerned that the Fed's rate-hiking campaign will tip the U.S. economy into a recession.
Tuesday: Housing starts and earnings from General Mills, FedEx and NikeThe Census Bureau's Tuesday morning report on residential construction is notable because of the surge in home prices during the Covid pandemic, according to Cramer. Building more homes is one way to bring prices down and help cool inflation overall. However, he cautioned that concern about the U.S. economy makes it unlikely November housing starts will be robust.Projected revenue: $5.
Last time FedEx reported, it detailed significant cost-cutting plans that should help boost profitability. Cramer said for any investor who thinks the Federal Reserve may not ultimately raise interest rates as high as it projects, a post-earnings sell-off could create an opportunity to buy FedEx shares.Projected sales: $12.58 billion
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Investors bolting from the market after hawkish Fed speech are being too hasty, Jim Cramer saysPowell also signaled at the conclusion of the central bank’s December meeting that more data is needed to support that inflation has subsided substantially.
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Forex Today: ECB, BoE, SNB All Expected to Hike by 0.50%Today's Forex news: 3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;
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Jim Gardner honored in the U.S. House and Senate ahead of retirement“We will miss you in our living rooms, Jim, delivering the news with honesty, integrity, and respect,” Rep. Madeleine Dean said. “And we wish you, America’s Anchor, a happy retirement.”
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Dollar gains as Fed flags more rate hikes aheadThe dollar climbed broadly on Thursday after the Federal Reserve
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EUR/USD struggles to defend post-Fed gains below 1.0700 ahead of ECBEUR/USD relaxes near the six-month high, retreating to 1.0675 during early Thursday, as the pair traders await the European Central Bank (ECB) monetar
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