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Fed message that rates will be on hold for 'a while' clashes with bets on 2023 rate cut

Fed message that rates will be on hold for ‘a while’ clashes with bets on 2023 rate cut

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(Bloomberg) – Federal Reserve Chairman Jerome Powell has history on his side as he and his colleagues part ways with Wall Street on how long interest rates will stay high in 2023. Bloomberg’s Most Read After the fastest monetary policy tightening since the 1980s, the central bank is expected to raise its benchmark rate by …

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Wall Street dragged by recession fears, S&P on track for 4th cut

Wall Street dragged by recession fears, S&P on track for 4th cut

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Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.39%, S&P 1.78%, Nasdaq 2.22% Dec 6 (Reuters) – Wall Street benchmarks fell again on Tuesday, with the S&P 500 on track for a fourth consecutive decline, amid uncertainty around the direction …

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As oil prices fall, OPEC Plus chooses not to cut production further

As oil prices fall, OPEC Plus chooses not to cut production further

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Comment this story Comment As gas prices continue to fall, the coalition of oil-producing nations led by Saudi Arabia and Russia decided on Sunday not to try to stop the slide by cutting global oil supplies. The decision to keep production stable came on Sunday during a virtual meeting of the Organization of the Petroleum …

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Wall Street's biggest banks cut bonuses by up to 30%

Wall Street’s biggest banks cut bonuses by up to 30%

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(Bloomberg) – Across Wall Street, this year’s gloomy expectations for banker bonuses are quickly proving true, as a slump in deals ends the industry’s war for talent and corporations regain the upper hand in fixing wages. Bloomberg’s Most Read JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are all considering cutting bonus …

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What to know about the West's new efforts to cut Russia's oil revenues

What to know about the West’s new efforts to cut Russia’s oil revenues

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A tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, October 11, one of the largest petroleum and petroleum products facilities in southern Russia . The deadline is approaching for Western allies to agree on a price cap for Russian oil. PA hide caption toggle …

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