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  • Dow Jones Futures Extend Fed Rate-Hike Retreat; Goldman In Buy Range, Covid Vaccine Play CureVac Crashes
    Investor's Business Daily

    Dow Jones Futures Extend Fed Rate-Hike Retreat; Goldman In Buy Range, Covid Vaccine Play CureVac Crashes

    The Fed gave the market rally an early warning, but several banks flashed buy signals. CureVac dived on its Covid vaccine.

  • Gold Rises After Biggest Loss in Five Months on Hawkish Fed Turn
    Bloomberg

    Gold Rises After Biggest Loss in Five Months on Hawkish Fed Turn

    (Bloomberg) -- Gold edged higher after capping the biggest drop in five months as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.Fed Chair Jerome Powell told a press conference Wednesday that officials would begin a discussion about scaling back bond purchases used to support financial markets and the economy during the pandemic. They also released forecasts that show they anticipate two interest-rate

  • Analysis - As Fed taper inches closer, investors prepare for volatility ahead
    Reuters

    Analysis - As Fed taper inches closer, investors prepare for volatility ahead

    As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead. Fed officials on Wednesday penciled in two potential rate hikes in 2023, sooner than policymakers had previously projected, and Chair Jerome Powell edged closer to unveiling plans to taper the Fed's $120 billion a month of bond purchases. Powell went so far as to describe the two-day gathering as the "talking-about talking-about meeting," a glib reference to his protestations earlier this year that he and his colleagues were not even "talking about talking about" tighter policy.