Tag: Federal Reserve
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Wall Street slips ahead of Fed Chair Powell speech
Major U.S. markets closed lower Thursday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium—an elite annual gathering of global central bankers that often sets the tone for global interest rate direction.
Gold surges amid US economic uncertainty, likely Fed rate cut
US economic uncertainty, stoked by President Donald Trumps tariff push, has bolstered gold prices close to record highs.
Wall Street advances on hopes Fed will cut rates
U.S. stocks rallied Monday as weak jobs data bolstered expectations that the Federal Reserve could begin cutting interest rates in the coming months.
Federal Reserve hold rates, eyes inflation, jobs paths
The Federal Open Market Committee (FOMC) on Thursday held the federal funds target range steady at 4.25 percent to 4.5 percent, citing steady economic growth and lingering inflationary pressures.
Trump car tariff hurts stocks, stokes inflation concern
U.S. President Donald Trump imposed a 25 percent tariff on imported vehicles on Wednesday night, fueling inflation concerns that weighed on financial markets.
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