Fed rate pause, Hollywood strikes, govt. shutdown: 3 Things

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Federal Reserve Chair Jerome Powell signaled a higher for longer interest rate policy in his statement yesterday after deciding to pause rates in September. Negotiations between members of the Writers Guild of America (WGA) and Hollywood studios resume as the writers' and actors' strikes enter their fourth month. Lastly, U.S. lawmakers continue to scramble to propose and push through a new federal spending bill in order to avert a government shutdown. Yahoo Finance Live analyzes Thursday morning's top headlines, breaking down JPMorgan Chase CEO Jamie Dimon's comments forecasting further rate hikes by the Fed, from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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A former federal prosecutor who helped investigate the origins of the Trump-Russia probe said Wednesday she left the team because of concerns with then-Attorney General William Barr’s public comments about the case and because she strongly disagreed with a draft of an interim report he considered releasing before the election. It marked the first time Dannehy has spoken publicly about her sudden resignation from the probe overseen by former special counsel John Durham. Durham, a former U.S.

 

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Fed's 'big message' will be restrictive policy for longer: EconomistMarkets and investors are waiting and wondering how much the Fed's September interest rate decision will line up with expectations, with many anticipating a rate pause this month. SEI Chief Investment Officer Jim Smigiel and Dreyfus and Mellon Chief Economist Vincent Reinhart join Yahoo Finance Live to share their predictions on Fed Chair Jerome Powell's ultimate decision. 'The Fed does not like to disappoint when the market is kind of all lined up with an expectation like they are for this week, where there will be a pause — the Fed will deliver on that,' Smigiel comments on the market's hawkish sentiment. 'However, we do think there is, at the least, one more hike baked in the cake. So that will probably come in November.' 'The big message the Fed's going to want to convey is they're going to keep policy restrictive for as long as it takes,' Reinhart outlines. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Fed's Powell proceeding 'carefully' on monetary policy, inflationThe Federal Reserve is putting a pause on interest rates in September, potentially leaving room for one last hike in 2023. Yahoo Finance Fed Reporter Jennifer Schonberger breaks down Fed Chair Jerome Powell's statements on data dependency while carefully considering the next monetary policy steps to tame inflation to the 2% goal. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Fed leaves interest rates unchanged, implies one more hike aheadThe Federal Reserve is keeping its fed funds target rate unchanged at a range of 5.25% to 5.50%. Officials see the top end of the range as 5.75%, implying one more rate hike is ahead. In the statement, the Federal Open Market Committee reiterated that inflation remains 'elevated' and that job growth has slowed, but remains 'strong.' Yahoo Finance Federal Reserve Reporter Jennifer Schonberger breaks down the Fed's statement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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