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Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663785473,"share":"https://ttm.financial/m/news/1109921858?lang=en_US&edition=fundamental","pubTime":"2022-09-22 02:37","market":"us","language":"en","title":"Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1109921858","media":"Tiger Newspress","summary":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal","content":"<html><head></head><body><ul><li>The Federal Reserve is raising rates "purposefully" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.</li><li>The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.</li><li>Labor markets are still extremely tight and job gains are robust, Powell said. "The labor market continues to be out of balance," he added.</li><li>"Price pressures remain evident" across a broad range of goods and services, though energy prices have declined.</li><li>"At some point" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell's estimation, the Fed has just moved its rate to the "very lowest" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>"My main message has not changed at all since Jackson Hole," he said.</li><li>"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time." The central bankers will need to see "clear evidence" that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. "The median for year-end suggests another 125 basis points," but another group of policymakers saw 100 bp of increases by year-end, Powell said. "We're committed to a restrictive level and getting there pretty quickly."</li><li>As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities "anytime soon," the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states "are flush with cash," he said. 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"The labor market continues to be out of balance," he added.</li><li>"Price pressures remain evident" across a broad range of goods and services, though energy prices have declined.</li><li>"At some point" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell's estimation, the Fed has just moved its rate to the "very lowest" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>"My main message has not changed at all since Jackson Hole," he said.</li><li>"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time." The central bankers will need to see "clear evidence" that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. "The median for year-end suggests another 125 basis points," but another group of policymakers saw 100 bp of increases by year-end, Powell said. "We're committed to a restrictive level and getting there pretty quickly."</li><li>As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities "anytime soon," the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states "are flush with cash," he said. "There's good reason to think it will be a reasonably strong economy," Powell said.</li><li>A "difficult correction" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.</li><li>The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.</li><li>Powell ends the press conference, saying the path the Fed takes "will be enough" to bring inflation down.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109921858","content_text":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.Labor markets are still extremely tight and job gains are robust, Powell said. \"The labor market continues to be out of balance,\" he added.\"Price pressures remain evident\" across a broad range of goods and services, though energy prices have declined.\"At some point\" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.In Powell's estimation, the Fed has just moved its rate to the \"very lowest\" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.\"My main message has not changed at all since Jackson Hole,\" he said.\"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time.\" The central bankers will need to see \"clear evidence\" that inflation is moving toward its 2% objective before slowing the rate hike pace.The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.He would not predict the size of the rate increase at the next meeting. \"The median for year-end suggests another 125 basis points,\" but another group of policymakers saw 100 bp of increases by year-end, Powell said. \"We're committed to a restrictive level and getting there pretty quickly.\"As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities \"anytime soon,\" the Fed chair said.The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states \"are flush with cash,\" he said. \"There's good reason to think it will be a reasonably strong economy,\" Powell said.A \"difficult correction\" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.Powell ends the press conference, saying the path the Fed takes \"will be enough\" to bring inflation down.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997735231,"gmtCreate":1661852444826,"gmtModify":1676536590685,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575109870301473","idStr":"3575109870301473"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>","text":"$Mullen Automotive(MULN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997735231","isVote":1,"tweetType":1,"viewCount":1666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990613175,"gmtCreate":1660349075300,"gmtModify":1676533454291,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575109870301473","idStr":"3575109870301473"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990613175","repostId":"2257221931","repostType":2,"isVote":1,"tweetType":1,"viewCount":1563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075304606,"gmtCreate":1658141744105,"gmtModify":1676536111402,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575109870301473","idStr":"3575109870301473"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075304606","repostId":"1170370253","repostType":4,"repost":{"id":"1170370253","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658133655,"share":"https://ttm.financial/m/news/1170370253?lang=en_US&edition=fundamental","pubTime":"2022-07-18 16:40","market":"us","language":"en","title":"Airline and Cruise Company Stocks Climbed in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1170370253","media":"Tiger Newspress","summary":"Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%","content":"<html><head></head><body><p>Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/603611ca1604a41fc3ca711e76f6eff1\" tg-width=\"398\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/09da9fb5d74497dbd96544d2a9a3a874\" tg-width=\"402\" tg-height=\"130\" referrerpolicy=\"no-referrer\"/></p><ul><li>Delta to announce deal for 100 Boeing 737 MAX 10 - sources</li><li>Lufthansa to firm up deal for 10 Boeing freighters - sources</li><li>Boeing 'very close' to resuming 787 deliveries - executive</li><li>Cancelling 737 MAX 10 not a high probability - executive</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airline and Cruise Company Stocks Climbed in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirline and Cruise Company Stocks Climbed in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-18 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/603611ca1604a41fc3ca711e76f6eff1\" tg-width=\"398\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/09da9fb5d74497dbd96544d2a9a3a874\" tg-width=\"402\" tg-height=\"130\" referrerpolicy=\"no-referrer\"/></p><ul><li>Delta to announce deal for 100 Boeing 737 MAX 10 - sources</li><li>Lufthansa to firm up deal for 10 Boeing freighters - sources</li><li>Boeing 'very close' to resuming 787 deliveries - executive</li><li>Cancelling 737 MAX 10 not a high probability - executive</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","CCL":"嘉年华邮轮","DAL":"达美航空","JBLU":"捷蓝航空","BA":"波音","NCLH":"挪威邮轮","SAVE":"Spirit Airlines","AAL":"美国航空"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170370253","content_text":"Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.Delta to announce deal for 100 Boeing 737 MAX 10 - sourcesLufthansa to firm up deal for 10 Boeing freighters - sourcesBoeing 'very close' to resuming 787 deliveries - executiveCancelling 737 MAX 10 not a high probability - executive","news_type":1,"symbols_score_info":{"CCL":0.9,"UAL":0.9,"DAL":0.9,"SAVE":0.9,"AAL":0.9,"NCLH":0.9,"JBLU":0.9,"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":1852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9919697482,"gmtCreate":1663798738746,"gmtModify":1676537336094,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575109870301473","authorIdStr":"3575109870301473"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919697482","repostId":"1109921858","repostType":4,"repost":{"id":"1109921858","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663785473,"share":"https://ttm.financial/m/news/1109921858?lang=en_US&edition=fundamental","pubTime":"2022-09-22 02:37","market":"us","language":"en","title":"Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1109921858","media":"Tiger Newspress","summary":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal","content":"<html><head></head><body><ul><li>The Federal Reserve is raising rates "purposefully" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.</li><li>The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.</li><li>Labor markets are still extremely tight and job gains are robust, Powell said. "The labor market continues to be out of balance," he added.</li><li>"Price pressures remain evident" across a broad range of goods and services, though energy prices have declined.</li><li>"At some point" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell's estimation, the Fed has just moved its rate to the "very lowest" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>"My main message has not changed at all since Jackson Hole," he said.</li><li>"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time." The central bankers will need to see "clear evidence" that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. "The median for year-end suggests another 125 basis points," but another group of policymakers saw 100 bp of increases by year-end, Powell said. "We're committed to a restrictive level and getting there pretty quickly."</li><li>As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities "anytime soon," the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states "are flush with cash," he said. "There's good reason to think it will be a reasonably strong economy," Powell said.</li><li>A "difficult correction" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.</li><li>The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.</li><li>Powell ends the press conference, saying the path the Fed takes "will be enough" to bring inflation down.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-22 02:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>The Federal Reserve is raising rates "purposefully" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.</li><li>The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.</li><li>Labor markets are still extremely tight and job gains are robust, Powell said. "The labor market continues to be out of balance," he added.</li><li>"Price pressures remain evident" across a broad range of goods and services, though energy prices have declined.</li><li>"At some point" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell's estimation, the Fed has just moved its rate to the "very lowest" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>"My main message has not changed at all since Jackson Hole," he said.</li><li>"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time." The central bankers will need to see "clear evidence" that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. "The median for year-end suggests another 125 basis points," but another group of policymakers saw 100 bp of increases by year-end, Powell said. "We're committed to a restrictive level and getting there pretty quickly."</li><li>As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities "anytime soon," the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states "are flush with cash," he said. "There's good reason to think it will be a reasonably strong economy," Powell said.</li><li>A "difficult correction" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.</li><li>The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.</li><li>Powell ends the press conference, saying the path the Fed takes "will be enough" to bring inflation down.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109921858","content_text":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.Labor markets are still extremely tight and job gains are robust, Powell said. \"The labor market continues to be out of balance,\" he added.\"Price pressures remain evident\" across a broad range of goods and services, though energy prices have declined.\"At some point\" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.In Powell's estimation, the Fed has just moved its rate to the \"very lowest\" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.\"My main message has not changed at all since Jackson Hole,\" he said.\"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time.\" The central bankers will need to see \"clear evidence\" that inflation is moving toward its 2% objective before slowing the rate hike pace.The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.He would not predict the size of the rate increase at the next meeting. \"The median for year-end suggests another 125 basis points,\" but another group of policymakers saw 100 bp of increases by year-end, Powell said. \"We're committed to a restrictive level and getting there pretty quickly.\"As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities \"anytime soon,\" the Fed chair said.The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states \"are flush with cash,\" he said. \"There's good reason to think it will be a reasonably strong economy,\" Powell said.A \"difficult correction\" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.Powell ends the press conference, saying the path the Fed takes \"will be enough\" to bring inflation down.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075304606,"gmtCreate":1658141744105,"gmtModify":1676536111402,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575109870301473","authorIdStr":"3575109870301473"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075304606","repostId":"1170370253","repostType":4,"repost":{"id":"1170370253","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658133655,"share":"https://ttm.financial/m/news/1170370253?lang=en_US&edition=fundamental","pubTime":"2022-07-18 16:40","market":"us","language":"en","title":"Airline and Cruise Company Stocks Climbed in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1170370253","media":"Tiger Newspress","summary":"Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%","content":"<html><head></head><body><p>Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/603611ca1604a41fc3ca711e76f6eff1\" tg-width=\"398\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/09da9fb5d74497dbd96544d2a9a3a874\" tg-width=\"402\" tg-height=\"130\" referrerpolicy=\"no-referrer\"/></p><ul><li>Delta to announce deal for 100 Boeing 737 MAX 10 - sources</li><li>Lufthansa to firm up deal for 10 Boeing freighters - sources</li><li>Boeing 'very close' to resuming 787 deliveries - executive</li><li>Cancelling 737 MAX 10 not a high probability - executive</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airline and Cruise Company Stocks Climbed in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirline and Cruise Company Stocks Climbed in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-18 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/603611ca1604a41fc3ca711e76f6eff1\" tg-width=\"398\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/09da9fb5d74497dbd96544d2a9a3a874\" tg-width=\"402\" tg-height=\"130\" referrerpolicy=\"no-referrer\"/></p><ul><li>Delta to announce deal for 100 Boeing 737 MAX 10 - sources</li><li>Lufthansa to firm up deal for 10 Boeing freighters - sources</li><li>Boeing 'very close' to resuming 787 deliveries - executive</li><li>Cancelling 737 MAX 10 not a high probability - executive</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","CCL":"嘉年华邮轮","DAL":"达美航空","JBLU":"捷蓝航空","BA":"波音","NCLH":"挪威邮轮","SAVE":"Spirit Airlines","AAL":"美国航空"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170370253","content_text":"Airline and cruise company stocks climbed in premarket trading. Boeing shares once rose more than 3%.Delta to announce deal for 100 Boeing 737 MAX 10 - sourcesLufthansa to firm up deal for 10 Boeing freighters - sourcesBoeing 'very close' to resuming 787 deliveries - executiveCancelling 737 MAX 10 not a high probability - executive","news_type":1,"symbols_score_info":{"CCL":0.9,"UAL":0.9,"DAL":0.9,"SAVE":0.9,"AAL":0.9,"NCLH":0.9,"JBLU":0.9,"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":1852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997735231,"gmtCreate":1661852444826,"gmtModify":1676536590685,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575109870301473","authorIdStr":"3575109870301473"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>","text":"$Mullen Automotive(MULN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997735231","isVote":1,"tweetType":1,"viewCount":1666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990613175,"gmtCreate":1660349075300,"gmtModify":1676533454291,"author":{"id":"3575109870301473","authorId":"3575109870301473","name":"patt","avatar":"https://community-static.tradeup.com/news/208e7bfdcb1f97af9b87e8b8ed60c45b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575109870301473","authorIdStr":"3575109870301473"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990613175","repostId":"2257221931","repostType":2,"isVote":1,"tweetType":1,"viewCount":1563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}