Wednesday's News Links

[Yahoo/Bloomberg] Stocks Gain Before Fed; Euro Rises on ECB: Markets Wrap

[Reuters] Bitcoin falls to fresh 18-month low as crypto meltdown deepens

[Reuters] Emergency ECB meeting lifts Europe, Fed expected to go big

[Yahoo/Bloomberg] Italian Bonds Surge on Bets ECB Will Move to Cap Rising Yields

[Reuters] Oil prices fall as expected U.S. interest rate hike looms

[Reuters] ECB meets to tackle rout in bond market amid echoes of debt crisis

[AP] Biggest rate hike in years expected as Fed tackles inflation

[CNBC] Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

[Reuters] Fed seen revving up inflation fight with sharp rate hike

[MSN/WP] Markets and households lose faith that Fed can handle inflation

[Yahoo Finance] US retail sales unexpectedly drop in May as inflation weighs on spending

[Reuters] U.S. mortgage interest rates jump to highest level since 2008

[CNBC] Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher

[Yahoo/Bloomberg] ECB Speeds Up Work on Crisis Tool After Italian Bond Blowout

[Reuters] China's factories perk up, but weak consumption points to slow economic recovery

[Yahoo/Bloomberg] China Puts Monetary Easing on Hold With Fed Set to Hike

[Yahoo/Bloomberg] Weak Yen, Hawkish Fed Make This One of Kuroda’s Toughest Calls

[Yahoo/Bloomberg] Rocky Days for Japan Credit Spur Calls to Speed Up Deals

[Reuters] Global equity funds decline over 20% this year

[Yahoo/Bloomberg] Germany Says Latest Russian Gas-Flow Cuts Politically Motivated

[Reuters] U.S. rebuffs China by calling Taiwan Strait an international waterway

[Bloomberg] Latest Epic Bond Move Is Aussie Yields Jumping Most Since 2009

[WSJ] U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion

[FT] ECB begins emergency meeting to discuss market turmoil

[FT] Fed weighs biggest rate rise in decades to tame scorching inflation

[FT] Riskier borrowers under inflation pressure frozen out of US car loans

[FT] WorldCom’s stark warning for today’s bear market

[FT] Hedge fund backed by legendary investor Julian Robertson closes

Tuesday Evening Links

[Reuters] S&P 500 dips with Fed policy announcement on tap

[CNBC] 10-year Treasury yield tops 3.48%, the highest in 11 years

[Yahoo/Bloomberg] Yen Slides Past 1998 Low as Rate Gap Heralds More Losses

[Yahoo/Bloomberg] US Natural Gas Slumps as LNG Plant Shutdown Strands Supplies

[Yahoo/Bloomberg] Hedge Fund Selling Was Never More Furious Than in Last Two Days

[Yahoo/Bloomberg] Credit ETFs Are Flashing a Warning as Prices Break From Assets

[Yahoo/Bloomberg] Real-Yield Rout Bigger Than 2008 Inflicts Pain Across the World

[CNBC] 30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

[CNBC] Real estate firms Compass and Redfin announce layoffs as housing market slows

[Reuters] NATO needs greater readiness, more weapons -military alliance chief

[FT] ECB has ‘no limits’ in defence of euro from debt turmoil, says executive

[FT] Surging borrowing costs take Italy ‘close to the danger zone’

Tuesday Afternoon Links

[Reuters] Wall St slips as investors await Fed decision

[Yahoo/Bloomberg] European Stocks Fall in Longest Losing Streak Since March 2020

[Reuters] Bitcoin stems heavy losses but pessimism reigns in crypto markets

[Yahoo/Bloomberg] Oil Extends Gain as Supply Crunch Overrides Inflation Concerns

[Yahoo/Bloomberg] Volatility Grips Stocks as Traders Brace for Fed: Markets Wrap

[Reuters] U.S. fuel and trucking costs power producer inflation

[Reuters] Analysis: Sadr raises the stakes in struggle for Iraq