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Wall Street Loudens Recession Warning Following Fed Rate Hike
On Wednesday, the Federal Reserve announced its largest increase in interest rates since 1994, loudening Wall Street analyst warnings of a recession hitting the United States.
US: Inflation Fears Push 2-Year Treasury Rate To Highest Level Since 2007
On Monday, US Treasury yields surged, led by short-term rates, as traders responded to last week’s data on inflation and considered the possibility of a recession hitting the nation.
US Inflation Jumped To 8.6% In May
According to the Bureau of Labor Statistics, US inflation accelerated further in May, with prices up 8.6% from a year ago. This is the fastest increase seen since December 1981 and exceeded the 8.3% Dow Jones estimate for the month.
US SEC Chief Plans Overhaul Of Wall Street Stock Trading
On Wednesday, the US Securities and Exchange Commission (SEC) chief Gary Gensler proposed rule changes to transform the way Wall Street handles retail stock trades following the meme stock mania of last year.
World Bank Warns Of 1970s-Style Stagflation
On Tuesday, the World Bank slashed its global growth forecast and warned that many countries may fall into recession as the global economy slips into a period of 1970s-style stagflation.
