Federal Reserve Chief to Update Views on U.S. Inflation and Economy Federal Reserve Chief to Update Views on U.S. Inflation and Economy Washington, Reuters Federal Reserve Chair Jerome Powell is set to provide an update on the state of U.S. inflation and the overall economy, responding to recent data showcasing a higher-than-expected surge in price … Read more
The price of Texas intermediate oil (WTI) It opened this Friday with a decrease of 0.54%, to $78.50 a barrel. At 9:04 local time (14:04 GMT), WTI futures contracts for delivery in April lost 43 cents compared to the close of the previous session. The markets are attentive to the next movements of the Federal … Read more
U.S. Federal Reserve Board Chairman Jerome Powell answers a question from the media during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve Board Building Federal Reserve William McChesney Martin Jr. in Washington, DC, US, March 22, 2023. Powell announced an interest rate increase of 0.25 percentage points. … Read more
Latest News Article – New Website The Latest News Hugo Boss shares tank 18% on lower sales forecast 5 Mins Ago Shares of Hugo Boss plunged 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on … Read more
Stock Market Today: Stocks Rebound as Powell Sticks to Script on Rate Cuts Stocks in the stock market experienced a rebound as Jerome Powell, Chairman of the Federal Reserve, stayed committed to previous statements regarding potential rate cuts. This news has reverberated positively throughout the financial industry. It comes on the coattails of recent market … Read more
Highest Ranking Article: Now Tech Stocks Rebound as Powell Reinforces Fed Caution on Interest Rate Cuts US Stocks Pop as Tech Stocks Rebound on Powell’s Caution March 6, 2024 US stocks experienced a significant surge on Wednesday as technology stocks bounced back from a recent sell-off. This came as investors digested Federal Reserve Chair Jerome … Read more
U.S. Dollar Softens as Traders Await Powell’s Testimony U.S. Dollar Softens as Traders Await Powell’s Testimony By John Doe LONDON – The U.S. dollar displayed slight weakness on Wednesday as traders remained cautious ahead of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank’s policy announcement. Bitcoin Gains Momentum Bitcoin, on … Read more
Finance Of Laura Bonadies e Chiara Di Cristofaro Investors are looking to the speech that the Fed president will give to the US Congress in the afternoon, while attention remains high in view of the ECB meeting. Piazza Affari supported by banks and energy companies, differential between BTp and Bund at 138 basis points. Bitcoin … Read more
The Stock Market Continues to Reach New Record Highs The stock market achieved another milestone as it reached new record highs, signaling continued growth and momentum in the market. Last week, both the S&P 500 and Nasdaq reached their highest levels ever, contributing to the stock market’s exceptional performance. Interestingly, the S&P 500 has seen … Read more
Crucial Inflation Report: PCE Index Hits Lowest Level in Three Years The Fed’s Preferred Inflation Gauge Hits Lowest Level in Three Years Personal Consumption Expenditures Index Shows Decline The Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, reported a slight decline in January, aligning with Wall Street’s expectations. Notably, this decline resulted in … Read more