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How the Dollar Is Beating Stocks and Bonds and Hurting Big Companies

These are rocky times for most investments. But it has been a wonderful stretch for the dollar.You may not have noticed if you haven’t traveled abroad and exchanged dollars for […]




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Fed Raises Interest Rate Half a Percentage Point, Largest Increase Since 2000

Deciding how quickly to remove policy support is a fraught exercise. Central bankers are hoping to move decisively enough to arrest the pop in prices without curbing growth so aggressively […]




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S&P Global Places Russia in ‘Selective Default’

S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles.The ratings […]




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Bond Market Unsettled by Inflation Worries

From a longer vantage, the August 2020 trough may just possibly have marked the end of a 40-year bull market in bonds. The rock-bottom 10-year yield that summer was the […]




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Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds

Mr. Bernstein stipulated that while debt financing has its place, the White House also believes it has firm limits within its agenda. “The outcome of all this is going to […]




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What the Debt Ceiling Means for Social Security and More

The federal government is about two weeks away from being unable to pay its bills — and that could delay benefit payments to tens of millions of retirees, Medicare and […]




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Powell Signals Fed Could Start Removing Economic Support

Eighteen months into the pandemic, Jerome H. Powell offered the clearest sign yet that the Federal Reserve is prepared to soon withdraw one leg of the support it’s been providing […]




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How The Coronavirus Pandemic Is Testing the Federal Reserve’s New Policy Plan

When Jerome H. Powell speaks at the Federal Reserve’s biggest annual conference on Friday, he will do so at a tense economic moment, as prices rise rapidly while millions of […]




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Banks Are Bingeing on Bonds, but Not Because They Want To

The economy is growing. Businesses are hiring. Stocks are soaring. And banks are sitting on big piles of cash.If only they had a better place to put it.Lingering supply chain […]




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The Bond Market Is Telling Us to Worry About Growth, Not Inflation

“The overriding concern being reflected in the bond market is that peak growth has been reached, and the benefits from fiscal policy are starting to fade,” said Sophie Griffiths, a […]