The Fed is targeting a soft landing. Getting it wrong means recession

Jerome Powell is trying to hike interest rates without damaging the economy. Getting it wrong means recession, and he knows it.

News: What you need to know about the markets     The Fed is targeting a soft landing. Getting it wrong means recession Jerome Powell is trying to hike interest rates without damaging the economy. Getting it wrong means recession, and he knows it. Read more »   Goldman Sachs' CEO will perform at Lollapalooza Goldman Sachs CEO David Solomon will DJ at Chicago's Lollapalooza music festival this July alongside acts like Metallica, Dua Lipa, Doja Cat, and Green Day. Read more »   Burger King and Papa Johns are struggling to close all their Russian restaurants A few weeks after Russian President Vladimir Putin began his assault on Ukraine, American restaurants said they would pull out of Russia. But many of them remain open. Read more »   'It's absolutely critical.' Ex-Trump official backs Biden's computer chip push Former Trump national security adviser H.R. McMaster is calling on Congress to swiftly fund investments in American computer chip manufacturing, a plan championed by the Biden administration to address global semiconductor shortages. Read more »   Wall Street is starting to believe in Alibaba again Alibaba has a message for investors nervous about its slowing growth and geopolitical uncertainty: We think our stock is cheap and we're putting our money where our mouth is. Read more »   Evergrande's crisis continues: $2 billion seized, earnings delayed Banks have seized $2 billion in cash from Evergrande, the ailing Chinese real estate developer said Tuesday as it announced a delay to the publication of its annual earnings. Read more »

Dow Nasdaq S&P +254.47   +270.36   +50.43 34,807.46   14,108.82   4,511.61 +0.74%   +1.95%   +1.13% YTD -4.21%   YTD -9.82%   YTD -5.34%

Biggest Winners Epam Systems Inc +6.86%   Wells Fargo & Co +4.40%   Howmet Aerospace Inc +4.01%   Generac Holdings Inc +3.80% Biggest Losers Weyerhaeuser Co -2.53%   Mosaic Co -2.26%   Hess Corp -2.18%   Occidental Petroleum Corp -2.17%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $108.59 -1.38 / -1.25% Gold $1,921.20 -8.30 / -0.43% 10-yr 2.37% +0.06 Euro $1.10 +0.00 / +0.08%

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