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- ChristinetanChristinetan
  ·2022-05-18
  How about KR?
  Walmart Tumbled Over 8% in Morning Trading As Its Q1 Earnings Missed Estimates
  Walmart tumbled over 8% in morning trading as its Q1 earnings missed estimates.Walmart missed estima
  Walmart Tumbled Over 8% in Morning Trading As Its Q1 Earnings Missed Estimates
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- ChristinetanChristinetan
  ·2022-05-18
  Good!
  US STOCKS-Wall Street Ends Sharply Higher, Fueled by Apple
  * Walmart slides after cutting earnings forecast* April retail sales rise in line with estimates* S&P 500 +2.02%, Nasdaq +2.76%, Dow +1.34%Wall Street finished sharply higher on Tuesday, lifted by App
  US STOCKS-Wall Street Ends Sharply Higher, Fueled by Apple
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- ChristinetanChristinetan
  ·2022-05-18
  Good
  Powell Says Fed Has Resolve to Bring U.S. Inflation Down
  Federal Reserve Chairman Jerome Powell said the central bank's resolve in combating the highest inflation in 40 years shouldn't be questioned, even if it requires pushing up unemployment."Restoring pr
  Powell Says Fed Has Resolve to Bring U.S. Inflation Down
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWalmart Tumbled Over 8% in Morning Trading As Its Q1 Earnings Missed Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-17 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Walmart tumbled over 8% in morning trading as its Q1 earnings missed estimates.<img src=\"https://static.tigerbbs.com/0858d97e02a4d35039c4d86e2950c4c4\" tg-width=\"767\" tg-height=\"578\" width=\"100%\" height=\"auto\"/></p><p>Walmart missed estimated earnings by 12.16%, reporting an EPS of $1.3 versus an estimate of $1.48.Revenue was up $3.26 billion from the same period last year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102277491","content_text":"Walmart tumbled over 8% in morning trading as its Q1 earnings missed estimates.Walmart missed estimated earnings by 12.16%, reporting an EPS of $1.3 versus an estimate of $1.48.Revenue was up $3.26 billion from the same period last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029708893,"gmtCreate":1652829743212,"gmtModify":1676535168082,"author":{"id":"4088304213078830","authorId":"4088304213078830","name":"Christinetan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088304213078830","authorIdStr":"4088304213078830"},"themes":[],"htmlText":"Good!&nbsp;","listText":"Good!&nbsp;","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029708893","repostId":"2236271657","repostType":4,"repost":{"id":"2236271657","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1652828447,"share":"https://ttm.financial/m/news/2236271657?lang=&edition=fundamental","pubTime":"2022-05-18 07:00","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Sharply Higher, Fueled by Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=2236271657","media":"Reuters","summary":"* Walmart slides after cutting earnings forecast* April retail sales rise in line with estimates* S&P 500 +2.02%, Nasdaq +2.76%, Dow +1.34%Wall Street finished sharply higher on Tuesday, lifted by App","content":"<html><head></head><body><p>* Walmart slides after cutting earnings forecast</p><p>* April retail sales rise in line with estimates</p><p>* S&amp;P 500 +2.02%, Nasdaq +2.76%, Dow +1.34%</p><p>Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.</p><p>Ten of the 11 major S&amp;P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%.</p><p>Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.</p><p>Recently punished shares of Microsoft Corp, Apple Inc, Tesla Inc and Amazon gained between 2% and 5.1%, driving the S&amp;P 500 and the Nasdaq higher.</p><p>Tuesday&#39;s broad rally followed weeks of selling on the U.S. stock market that last week saw the S&amp;P 500 sink to its lowest level since March 2021.</p><p>&#34;The largest pockets of stocks that investors tend to buy have been essentially beaten up. They&#39;re either in correction or bear market territory,&#34; said Sylvia Jablonski, chief investment officer of Defiance ETF. &#34;I think investors are looking at these opportunities to buy on the dip, and I suspect that today is a good day to do that.&#34;</p><p>The S&amp;P 500 Banks index jumped 3.8%, with Citigroup climbing almost 8% after Warren Buffett&#39;s Berkshire Hathaway disclosed a nearly $3 billion investment in the U.S. lender.</p><p>Another set of economic data showed industrial production accelerated 1.1% last month, higher than estimates of 0.5%, and faster than a 0.9% advance in March.</p><p>&#34;This is consistent with continued economic growth in the second quarter and not a recession underway,&#34; said Bill Adams, chief economist for Comerica Bank in Dallas.</p><p>The U.S. Federal Reserve will &#34;keep pushing&#34; to tighten U.S. monetary policy until it is clear inflation is declining, Fed Chair Jerome Powell said at an event on Tuesday.</p><p>Traders are pricing in an 85% chance of a 50-basis point rate hike in June.</p><p>The S&amp;P 500 climbed 2.02% to end the session at 4,088.85 points.</p><p>The Nasdaq gained 2.76% to 11,984.52 points, while Dow Jones Industrial Average rose 1.34% to 32,654.59 points.</p><p>Underscoring Wall Street&#39;s recent volatility, the S&amp;P 500 has gained or lost 2% or more in a session some 39 times so far in 2022, compared to 24 times in all of 2021.</p><p>Walmart Inc tumbled 11.4% after the retail giant cut its annual profit forecast, signaling a hit to its margins. That marked the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage drop for Walmart&#39;s stock since 1987.</p><p>Retailers Costco, Target and Dollar Tree fell between 0.8% and 3.2%.</p><p>United Airlines Holdings Inc gained 7.9% after the carrier lifted its current-quarter revenue forecast, boosting shares of Delta Air, American Airlines and <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a>   .</p><p>A positive first-quarter earnings season has been overshadowed by worries about the conflict in Ukraine, soaring inflation, COVID-19 lockdowns in China and aggressive policy tightening by central banks.</p><p>The S&amp;P 500 is down about 14% so far in 2022, and the Nasdaq is off around 23%, hit by tumbling growth stocks.</p><p>U.S.-listed Chinese stocks jumped on hopes that China will ease its crackdown on the technology sector.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.19-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 30 new lows; the Nasdaq Composite recorded 24 new highs and 126 new lows.</p><p>Volume on U.S. exchanges was 12.0 billion shares, compared with a 13.3 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Sharply Higher, Fueled by Apple</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Sharply Higher, Fueled by Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-18 07:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Walmart slides after cutting earnings forecast</p><p>* April retail sales rise in line with estimates</p><p>* S&amp;P 500 +2.02%, Nasdaq +2.76%, Dow +1.34%</p><p>Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.</p><p>Ten of the 11 major S&amp;P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%.</p><p>Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.</p><p>Recently punished shares of Microsoft Corp, Apple Inc, Tesla Inc and Amazon gained between 2% and 5.1%, driving the S&amp;P 500 and the Nasdaq higher.</p><p>Tuesday&#39;s broad rally followed weeks of selling on the U.S. stock market that last week saw the S&amp;P 500 sink to its lowest level since March 2021.</p><p>&#34;The largest pockets of stocks that investors tend to buy have been essentially beaten up. They&#39;re either in correction or bear market territory,&#34; said Sylvia Jablonski, chief investment officer of Defiance ETF. &#34;I think investors are looking at these opportunities to buy on the dip, and I suspect that today is a good day to do that.&#34;</p><p>The S&amp;P 500 Banks index jumped 3.8%, with Citigroup climbing almost 8% after Warren Buffett&#39;s Berkshire Hathaway disclosed a nearly $3 billion investment in the U.S. lender.</p><p>Another set of economic data showed industrial production accelerated 1.1% last month, higher than estimates of 0.5%, and faster than a 0.9% advance in March.</p><p>&#34;This is consistent with continued economic growth in the second quarter and not a recession underway,&#34; said Bill Adams, chief economist for Comerica Bank in Dallas.</p><p>The U.S. Federal Reserve will &#34;keep pushing&#34; to tighten U.S. monetary policy until it is clear inflation is declining, Fed Chair Jerome Powell said at an event on Tuesday.</p><p>Traders are pricing in an 85% chance of a 50-basis point rate hike in June.</p><p>The S&amp;P 500 climbed 2.02% to end the session at 4,088.85 points.</p><p>The Nasdaq gained 2.76% to 11,984.52 points, while Dow Jones Industrial Average rose 1.34% to 32,654.59 points.</p><p>Underscoring Wall Street&#39;s recent volatility, the S&amp;P 500 has gained or lost 2% or more in a session some 39 times so far in 2022, compared to 24 times in all of 2021.</p><p>Walmart Inc tumbled 11.4% after the retail giant cut its annual profit forecast, signaling a hit to its margins. That marked the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage drop for Walmart&#39;s stock since 1987.</p><p>Retailers Costco, Target and Dollar Tree fell between 0.8% and 3.2%.</p><p>United Airlines Holdings Inc gained 7.9% after the carrier lifted its current-quarter revenue forecast, boosting shares of Delta Air, American Airlines and <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a>   .</p><p>A positive first-quarter earnings season has been overshadowed by worries about the conflict in Ukraine, soaring inflation, COVID-19 lockdowns in China and aggressive policy tightening by central banks.</p><p>The S&amp;P 500 is down about 14% so far in 2022, and the Nasdaq is off around 23%, hit by tumbling growth stocks.</p><p>U.S.-listed Chinese stocks jumped on hopes that China will ease its crackdown on the technology sector.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.19-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 30 new lows; the Nasdaq Composite recorded 24 new highs and 126 new lows.</p><p>Volume on U.S. exchanges was 12.0 billion shares, compared with a 13.3 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","AAPL":"苹果","UAL":"联合大陆航空","C":"花旗","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236271657","content_text":"* Walmart slides after cutting earnings forecast* April retail sales rise in line with estimates* S&P 500 +2.02%, Nasdaq +2.76%, Dow +1.34%Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%.Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.Recently punished shares of Microsoft Corp, Apple Inc, Tesla Inc and Amazon gained between 2% and 5.1%, driving the S&P 500 and the Nasdaq higher.Tuesday's broad rally followed weeks of selling on the U.S. stock market that last week saw the S&P 500 sink to its lowest level since March 2021.\"The largest pockets of stocks that investors tend to buy have been essentially beaten up. They're either in correction or bear market territory,\" said Sylvia Jablonski, chief investment officer of Defiance ETF. \"I think investors are looking at these opportunities to buy on the dip, and I suspect that today is a good day to do that.\"The S&P 500 Banks index jumped 3.8%, with Citigroup climbing almost 8% after Warren Buffett's Berkshire Hathaway disclosed a nearly $3 billion investment in the U.S. lender.Another set of economic data showed industrial production accelerated 1.1% last month, higher than estimates of 0.5%, and faster than a 0.9% advance in March.\"This is consistent with continued economic growth in the second quarter and not a recession underway,\" said Bill Adams, chief economist for Comerica Bank in Dallas.The U.S. Federal Reserve will \"keep pushing\" to tighten U.S. monetary policy until it is clear inflation is declining, Fed Chair Jerome Powell said at an event on Tuesday.Traders are pricing in an 85% chance of a 50-basis point rate hike in June.The S&P 500 climbed 2.02% to end the session at 4,088.85 points.The Nasdaq gained 2.76% to 11,984.52 points, while Dow Jones Industrial Average rose 1.34% to 32,654.59 points.Underscoring Wall Street's recent volatility, the S&P 500 has gained or lost 2% or more in a session some 39 times so far in 2022, compared to 24 times in all of 2021.Walmart Inc tumbled 11.4% after the retail giant cut its annual profit forecast, signaling a hit to its margins. That marked the biggest one-day percentage drop for Walmart's stock since 1987.Retailers Costco, Target and Dollar Tree fell between 0.8% and 3.2%.United Airlines Holdings Inc gained 7.9% after the carrier lifted its current-quarter revenue forecast, boosting shares of Delta Air, American Airlines and Spirit Airlines   .A positive first-quarter earnings season has been overshadowed by worries about the conflict in Ukraine, soaring inflation, COVID-19 lockdowns in China and aggressive policy tightening by central banks.The S&P 500 is down about 14% so far in 2022, and the Nasdaq is off around 23%, hit by tumbling growth stocks.U.S.-listed Chinese stocks jumped on hopes that China will ease its crackdown on the technology sector.Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 3.19-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 30 new lows; the Nasdaq Composite recorded 24 new highs and 126 new lows.Volume on U.S. exchanges was 12.0 billion shares, compared with a 13.3 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029701822,"gmtCreate":1652829692466,"gmtModify":1676535168065,"author":{"id":"4088304213078830","authorId":"4088304213078830","name":"Christinetan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088304213078830","authorIdStr":"4088304213078830"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029701822","repostId":"2236274480","repostType":2,"repost":{"id":"2236274480","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1652828904,"share":"https://ttm.financial/m/news/2236274480?lang=&edition=fundamental","pubTime":"2022-05-18 07:08","market":"us","language":"en","title":"Powell Says Fed Has Resolve to Bring U.S. Inflation Down","url":"https://stock-news.laohu8.com/highlight/detail?id=2236274480","media":"Dow Jones","summary":"Federal Reserve Chairman Jerome Powell said the central bank's resolve in combating the highest inflation in 40 years shouldn't be questioned, even if it requires pushing up unemployment.\"Restoring pr","content":"<html><head></head><body><p>Federal Reserve Chairman Jerome Powell said the central bank&#39;s resolve in combating the highest inflation in 40 years shouldn&#39;t be questioned, even if it requires pushing up unemployment.</p><p>&#34;Restoring price stability is a nonnegotiable need. It is something we have to do,&#34; Mr. Powell said in an interview Tuesday during The Wall Street Journal&#39;s Future of Everything Festival. &#34;There could be some pain involved.&#34;</p><p>Mr. Powell said he hoped that the Fed could bring down inflation while preserving a strong labor market, which he said might lead the unemployment rate -- near half-century lows of 3.6% in April -- to rise slightly. &#34;It may not be a perfect labor market,&#34; he said.</p><p>The central bank is raising interest rates as part of its most aggressive effort in decades to curb upward price pressures. Mr. Powell signaled Tuesday that the central bank was likely to follow a half-percentage-point raise earlier this month, to a range between 0.75% and 1%, with similar moves at meetings in June and July. Until this month, the Fed hadn&#39;t raised rates in such intervals since 2000.</p><p>The Fed last year maintained aggressive stimulus to spur a faster labor market recovery. Mr. Powell said Tuesday that it was possible that disruptions from the pandemic had changed the labor market in ways that made current levels of unemployment inconsistent with the Fed&#39;s 2% inflation goal.</p><p>He said that it seemed the unemployment rate consistent with stable inflation &#34;is probably well above 3.6%.&#34;</p><p>The Fed chairman repeated his hope that the central bank can curtail high inflation without spurring a large rise in unemployment. However, Mr. Powell said, there is little from modern economic experience to suggest that outcome can be achieved. &#34;If you look in the history book and find it -- no, you can&#39;t,&#34; he said. &#34;I think we are in a world of firsts.&#34;</p><p>Wells Fargo &amp; Co. Chief Executive Charlie Scharf, speaking at the same event Tuesday morning, said it would be difficult to avoid a recession but noted that consumers and businesses remain financially solid.</p><p>&#34;The fact that everyone is so strong going into this should hopefully provide a cushion such that whatever recession there is, if there is <a href=\"https://laohu8.com/S/AONE.U\">one</a>, is short and not all that deep,&#34; he said.</p><p>Mr. Powell said he wasn&#39;t at odds with those who believe the Fed faces a difficult path to achieving what is known as a &#34;soft landing,&#34; in which growth slows enough to bring down inflation without triggering a recession.</p><p>&#34;I would say there is no disagreement really. It is a challenging task, made more challenging the last couple months because of global events,&#34; he said. &#34;It is challenging because unemployment is very low already and because inflation is very high.&#34;</p><p>Fed officials described higher inflation a year ago as temporary. They backed away from that characterization last fall, as the labor market healed rapidly and price pressures broadened.</p><p>Still, the Fed as recently as January had expected inflation to diminish this spring as supply-chain bottlenecks improved. Russia&#39;s invasion of Ukraine in late February and rolling Covid-related lockdowns in China created new sources of inflationary pressures.</p><p>&#34;That is going to make it harder for inflation to come down, so it has added a degree of difficulty to what was already a challenging market,&#34; said Mr. Powell.</p><p>The Fed&#39;s stopping point for rate increases isn&#39;t certainty. If inflation doesn&#39;t show signs of diminishing soon, more officials could conclude that rates need to rise closer to 4% over the next 12 to 18 months, rather than to a level around 3% that most of them projected at their policy meeting two months ago.</p><p>&#34;We will go until we feel like we are at a place where we can say, &#39;Yes, financial conditions are at an appropriate place. We see inflation coming down,&#39;&#34; Mr. Powell said. &#34;We will go to that point, and there will not be any hesitation about that.&#34;</p><p>The most recent inflation data has been mixed. On a monthly basis, the consumer-price index&#39;s gauge of core prices, which excludes food and energy, rose a seasonally adjusted 0.6% in April, according to a Labor Department report last week, and rose 6.2% over the previous 12 months.</p><p>The Fed uses a different gauge, the personal-consumption expenditures price index. April inflation data from that Commerce Department report will be released on May 27. Based on other recently released figures, Wall Street forecasters estimate a more muted rise in inflation using that measure. Economists at <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> think core PCE inflation rose by less than 0.3% in April, bringing the 12-month rate of change to 4.8%, from 5.2% in March.</p><p>&#34;This is not a time for tremendously nuanced readings of inflation,&#34; Mr. Powell said. &#34;We need to see inflation coming down in a convincing way. Until we do, we&#39;ll keep going.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell Says Fed Has Resolve to Bring U.S. Inflation Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell Says Fed Has Resolve to Bring U.S. Inflation Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-18 07:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Federal Reserve Chairman Jerome Powell said the central bank&#39;s resolve in combating the highest inflation in 40 years shouldn&#39;t be questioned, even if it requires pushing up unemployment.</p><p>&#34;Restoring price stability is a nonnegotiable need. It is something we have to do,&#34; Mr. Powell said in an interview Tuesday during The Wall Street Journal&#39;s Future of Everything Festival. &#34;There could be some pain involved.&#34;</p><p>Mr. Powell said he hoped that the Fed could bring down inflation while preserving a strong labor market, which he said might lead the unemployment rate -- near half-century lows of 3.6% in April -- to rise slightly. &#34;It may not be a perfect labor market,&#34; he said.</p><p>The central bank is raising interest rates as part of its most aggressive effort in decades to curb upward price pressures. Mr. Powell signaled Tuesday that the central bank was likely to follow a half-percentage-point raise earlier this month, to a range between 0.75% and 1%, with similar moves at meetings in June and July. Until this month, the Fed hadn&#39;t raised rates in such intervals since 2000.</p><p>The Fed last year maintained aggressive stimulus to spur a faster labor market recovery. Mr. Powell said Tuesday that it was possible that disruptions from the pandemic had changed the labor market in ways that made current levels of unemployment inconsistent with the Fed&#39;s 2% inflation goal.</p><p>He said that it seemed the unemployment rate consistent with stable inflation &#34;is probably well above 3.6%.&#34;</p><p>The Fed chairman repeated his hope that the central bank can curtail high inflation without spurring a large rise in unemployment. However, Mr. Powell said, there is little from modern economic experience to suggest that outcome can be achieved. &#34;If you look in the history book and find it -- no, you can&#39;t,&#34; he said. &#34;I think we are in a world of firsts.&#34;</p><p>Wells Fargo &amp; Co. Chief Executive Charlie Scharf, speaking at the same event Tuesday morning, said it would be difficult to avoid a recession but noted that consumers and businesses remain financially solid.</p><p>&#34;The fact that everyone is so strong going into this should hopefully provide a cushion such that whatever recession there is, if there is <a href=\"https://laohu8.com/S/AONE.U\">one</a>, is short and not all that deep,&#34; he said.</p><p>Mr. Powell said he wasn&#39;t at odds with those who believe the Fed faces a difficult path to achieving what is known as a &#34;soft landing,&#34; in which growth slows enough to bring down inflation without triggering a recession.</p><p>&#34;I would say there is no disagreement really. It is a challenging task, made more challenging the last couple months because of global events,&#34; he said. &#34;It is challenging because unemployment is very low already and because inflation is very high.&#34;</p><p>Fed officials described higher inflation a year ago as temporary. They backed away from that characterization last fall, as the labor market healed rapidly and price pressures broadened.</p><p>Still, the Fed as recently as January had expected inflation to diminish this spring as supply-chain bottlenecks improved. Russia&#39;s invasion of Ukraine in late February and rolling Covid-related lockdowns in China created new sources of inflationary pressures.</p><p>&#34;That is going to make it harder for inflation to come down, so it has added a degree of difficulty to what was already a challenging market,&#34; said Mr. Powell.</p><p>The Fed&#39;s stopping point for rate increases isn&#39;t certainty. If inflation doesn&#39;t show signs of diminishing soon, more officials could conclude that rates need to rise closer to 4% over the next 12 to 18 months, rather than to a level around 3% that most of them projected at their policy meeting two months ago.</p><p>&#34;We will go until we feel like we are at a place where we can say, &#39;Yes, financial conditions are at an appropriate place. We see inflation coming down,&#39;&#34; Mr. Powell said. &#34;We will go to that point, and there will not be any hesitation about that.&#34;</p><p>The most recent inflation data has been mixed. On a monthly basis, the consumer-price index&#39;s gauge of core prices, which excludes food and energy, rose a seasonally adjusted 0.6% in April, according to a Labor Department report last week, and rose 6.2% over the previous 12 months.</p><p>The Fed uses a different gauge, the personal-consumption expenditures price index. April inflation data from that Commerce Department report will be released on May 27. Based on other recently released figures, Wall Street forecasters estimate a more muted rise in inflation using that measure. Economists at <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> think core PCE inflation rose by less than 0.3% in April, bringing the 12-month rate of change to 4.8%, from 5.2% in March.</p><p>&#34;This is not a time for tremendously nuanced readings of inflation,&#34; Mr. Powell said. &#34;We need to see inflation coming down in a convincing way. Until we do, we&#39;ll keep going.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236274480","content_text":"Federal Reserve Chairman Jerome Powell said the central bank's resolve in combating the highest inflation in 40 years shouldn't be questioned, even if it requires pushing up unemployment.\"Restoring price stability is a nonnegotiable need. It is something we have to do,\" Mr. Powell said in an interview Tuesday during The Wall Street Journal's Future of Everything Festival. \"There could be some pain involved.\"Mr. Powell said he hoped that the Fed could bring down inflation while preserving a strong labor market, which he said might lead the unemployment rate -- near half-century lows of 3.6% in April -- to rise slightly. \"It may not be a perfect labor market,\" he said.The central bank is raising interest rates as part of its most aggressive effort in decades to curb upward price pressures. Mr. Powell signaled Tuesday that the central bank was likely to follow a half-percentage-point raise earlier this month, to a range between 0.75% and 1%, with similar moves at meetings in June and July. Until this month, the Fed hadn't raised rates in such intervals since 2000.The Fed last year maintained aggressive stimulus to spur a faster labor market recovery. Mr. Powell said Tuesday that it was possible that disruptions from the pandemic had changed the labor market in ways that made current levels of unemployment inconsistent with the Fed's 2% inflation goal.He said that it seemed the unemployment rate consistent with stable inflation \"is probably well above 3.6%.\"The Fed chairman repeated his hope that the central bank can curtail high inflation without spurring a large rise in unemployment. However, Mr. Powell said, there is little from modern economic experience to suggest that outcome can be achieved. \"If you look in the history book and find it -- no, you can't,\" he said. \"I think we are in a world of firsts.\"Wells Fargo & Co. Chief Executive Charlie Scharf, speaking at the same event Tuesday morning, said it would be difficult to avoid a recession but noted that consumers and businesses remain financially solid.\"The fact that everyone is so strong going into this should hopefully provide a cushion such that whatever recession there is, if there is one, is short and not all that deep,\" he said.Mr. Powell said he wasn't at odds with those who believe the Fed faces a difficult path to achieving what is known as a \"soft landing,\" in which growth slows enough to bring down inflation without triggering a recession.\"I would say there is no disagreement really. It is a challenging task, made more challenging the last couple months because of global events,\" he said. \"It is challenging because unemployment is very low already and because inflation is very high.\"Fed officials described higher inflation a year ago as temporary. They backed away from that characterization last fall, as the labor market healed rapidly and price pressures broadened.Still, the Fed as recently as January had expected inflation to diminish this spring as supply-chain bottlenecks improved. Russia's invasion of Ukraine in late February and rolling Covid-related lockdowns in China created new sources of inflationary pressures.\"That is going to make it harder for inflation to come down, so it has added a degree of difficulty to what was already a challenging market,\" said Mr. Powell.The Fed's stopping point for rate increases isn't certainty. If inflation doesn't show signs of diminishing soon, more officials could conclude that rates need to rise closer to 4% over the next 12 to 18 months, rather than to a level around 3% that most of them projected at their policy meeting two months ago.\"We will go until we feel like we are at a place where we can say, 'Yes, financial conditions are at an appropriate place. We see inflation coming down,'\" Mr. Powell said. \"We will go to that point, and there will not be any hesitation about that.\"The most recent inflation data has been mixed. On a monthly basis, the consumer-price index's gauge of core prices, which excludes food and energy, rose a seasonally adjusted 0.6% in April, according to a Labor Department report last week, and rose 6.2% over the previous 12 months.The Fed uses a different gauge, the personal-consumption expenditures price index. April inflation data from that Commerce Department report will be released on May 27. Based on other recently released figures, Wall Street forecasters estimate a more muted rise in inflation using that measure. Economists at Morgan Stanley think core PCE inflation rose by less than 0.3% in April, bringing the 12-month rate of change to 4.8%, from 5.2% in March.\"This is not a time for tremendously nuanced readings of inflation,\" Mr. Powell said. \"We need to see inflation coming down in a convincing way. Until we do, we'll keep going.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}