Mester says Fed needs to keep interest rates higher for longer to cool inflation
admin The president of the Cleveland Federal Reserve welcomed “some easing” in U.S. inflation, but she…
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Dow soars more than 1,000 points for first time since 2020 as investors cheer cooling U.S. inflation
U.S. stocks were on track for their biggest daily gain since 2020 as the Dow…
Read MoreU.S. Treasury says currency-market intervention should be reserved for ‘very exceptional circumstances’ in response to Japan’s September move
The U.S. Treasury Department on Thursday said it expects currency-market interventions, like Japan’s in September,…
Read MoreGold treads water above $1,700 an ounce as investors await U.S. inflation report
Gold and silver prices traded marginally lower on Thursday, weighed down by a stronger U.S.…
Read MoreTreasury yields nudge lower ahead of crucial inflation report
Bond yields mostly fell on Thursday, though trading was muted as traders waited for much-anticipated…
Read MoreU.S. stock futures steady after sell-off as crucial inflation data looms
U.S. stock futures steadied Thursday following the latest sell-off as traders paused for breath ahead…
Read MoreBiden suggests no pivot after midterm elections: ‘I’m not going to change anything’
President Joe Biden on Wednesday said the results of the midterm elections were a “good…
Read MoreHere’s how candidates endorsed by Trump performed in the midterm elections
A total of 25 Senate candidates and 162 House candidates endorsed by former President Donald…
Read MoreS&P 500 will fall another 16% before bottoming out at 3,200 in the middle of next year, UBS economist says
U.S. stocks won’t bottom out until the middle of next year as the Federal Reserve…
Read MoreRussians announce withdrawal from part of Kherson, a key position in southern Ukraine
Russia’s military has announced that it’s withdrawing from the western bank of the Dnieper River…
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