Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks, Commodities Drop; Dollar Rises: Markets Wrap

[Reuters] Hawkish Fed fuels dollar, leaves stocks and bonds bruised

[Reuters] Gold slides below $1,800/oz after Fed's hawkish tilt

[AP] US jobless claims tick up to 412,000 from a pandemic low

[Dow Jones] Manufacturing Activity in Philly Fed's District Holds Up at Solid Expansion Levels in June

[Reuters] Analysis: As Fed taper inches closer, investors prepare for volatility ahead

[Reuters] The Fed is about to shift gears. This time it may be different.

[Yahoo/Bloomberg] Fed Ripples Hit Hardest in Asia as Rates Outlook Suddenly Shifts

[Yahoo/Bloomberg] Fed Officials Rattle Rate-Hike Saber as Price Pressures Surprise

[CNBC] Social Security cost-of-living adjustment for 2022 could be higher based on rising consumer prices

[Yahoo/Bloomberg] China Is Quietly Stepping Up Its Interventions in Markets

[Yahoo/Bloomberg] Global Power Grids Pushed to Breaking Point

[CNBC] Heat wave worsens across the American West, raising concerns of power outages and wildfires

[Reuters] Sizzling heat wave blankets U.S. Southwest for third day

[Yahoo/Bloomberg] California’s Summer of Heat, Power and Fire Woes Arrives Early

[Yahoo/Bloomberg] After Blowing $300 Billion, U.S. Shale Is Finally Making Money

[CNBC] The fast-spreading delta Covid variant could have different symptoms, experts say

[Reuters] Analysis: Biden talks down Russia, spurs allies in bid to back Putin into a corner

[Bloomberg] Authers: Powell Marks the Start of a Treacherous Retreat

[Bloomberg] Worse-Than-Suez Shipping Snarls in China to Widen Trade Chaos

[NYT] Federal Reserve Officials Project Rate Increases in 2023

[WSJ] Red-Hot U.S. Economy Drives Global Inflation, Forcing Foreign Banks to Act

[FT] ‘The beginning of the transition phase’: investors react to a less dovish Fed

[FT] ECB gathers for hillside retreat to debate key strategy questions