U.S. stocks were falling as recession fears return By Investing.com

. The central bank is expected to continue to raise rates until its benchmark rate is over 5%, from 4.25% to 4.5% where it is now.

St. Louis Fed President James Bullard argues in favor of getting rates above 5% as quickly as possible. But Boston Fed President Susan Collins favors a more moderate pace."More measured rate adjustments in the current phase will better enable us to address the competing risks monetary policy now faces," she said Thursday.

Analysts expect the Fed to raise rates by another quarter of a percentage point when it meets from Jan. 31 to Feb. 1. Companies have been battling the effects of higher prices and shifts in consumer spending. Product giant Procter & Gamble Company warned of higher commodity prices pressuring profit, and its shares fell 1.4%.

Discover Financial Services shares were down 3% after it raised its provision for credit losses, a signal it expects credit quality to deteriorate down the road.

blood

2008

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks lower on recession fears; Boohoo slumps By Investing.com*EUROPEAN STOCKS FALL ACROSS THE REGION AS RECESSION FEARS BITE 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱🇬🇧 Would be lovely to see EURUSD dropping and start selling off once again amid dollar strength Sell sell sell, so I can buy cheap!! 🤘 EUROPEAN STOCKS FALL ACROSS THE REGION AS OPTIONS EXPIRY WEEK MANIPULATION.
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stocks are falling after Goldman's earnings miss weighs on Dow By Investing.com*DOW TUMBLES 360 POINTS AS U.S. STOCKS DROP AFTER GOLDMAN'S EARNINGS MISS $DIA $SPY $QQQ 🇺🇸 🇺🇸 allstarcharts Does any of that stuff make any GD sense? Stocks go up because of this? Stocks go down because of that?
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks fall after data showing a cooling economy By Investing.com*U.S. STOCKS FALL AFTER DATA SHOWING A COOLING ECONOMY AS JANUARY RALLY LOSES STEAM $DIA $SPY $QQQ 🇺🇸🇺🇸 No because fake drama ;) But the fed WANTS a cooling economy. This makes no sense. Bad economic news has been good news for the market until today… 🤔
Source: Investingcom - 🏆 450. / 53 Read more »

Stock & bond market outlook: investing strategy advice from Phil ToewsBehavioral investing expert Phil Toews sees upside for stocks and bonds now — but warns investors that a bigger, longer-lasting downturn might be on the way
Source: BusinessInsider - 🏆 729. / 51 Read more »