STOCK MARKET NEWS: Fed rattles investors, Musk slashing Twitter jobs, Powerball jackpot

The average 30-year fix-rated mortgage averaged 6.95%, down from 7.08% a week ago. A year ago at this time, the 30-year FRM averaged 3.09 percent.

The Fed raised its short-term lending rate by 0.75 percentage points, three times its usual margin, for a fourth time this year.Traders will be watching the latest reports on jobless claims, trade balance and factory orders. In Asia, Hong Kong's Hang Send fell 3%, China's Shanghai Composite Index lost 0.3%. Japanese markets were closed for a holiday.

The forecast mirror warnings signals on ad spending from Snap Inc as companies cut their advertising budgets to rein in costs. Separately, the California-based firm also announced that its chief financial officer, Steve Louden, will leave the company sometime in 2023.eBay logo at company headquarters

Failure of banks and monetary system ( WAY TO GO ! ) Nov 2 , 2022 the day Powell blew it👏

great👎

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The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise – Economics Bitcoin News“Recent indicators point to modest growth in spending and production,” the FOMC said when it hiked the interest rate by 75bps on Wednesday. BOOM! Another winning signal today from ChiefraFba satoshi jpow increasing the interest rate and more people will not spend money. Which will hurt the economy even more. People need to spend money and more of it to get out of the recession...or can Hodl their earnings in crypto too
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Bitcoin outperforms U.S. stocks after Fed meetingBitcoin outperformed major stock indexes on Wednesday, though both assets slid after the Federal Reserve raised its benchmark interest rate by 0.75... Oh my God stop it
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U.S. stocks open down, extend losses after Fed rate hike as investors weigh labor-market dataU.S. stocks opened lower Thursday, extending losses after the Federal Reserve's jumbo interest rate hike as investors weigh labor-market data. The Dow Jones...
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