Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
ASML Holding shares dropped on Wednesday after its orders missed expectations. It’s a sign of caution in the chip industry despite a race to build up national semiconductor sectors.
U.S. stocks on Tuesday remained rangebound in volatile trade, eventually ending mixed. The uncertain session came after Federal Reserve chair Jerome Powell noted that recent data showed a lack of further progress on inflation.
Investors and Federal Reserve watchers will hear Jerome Powell’s latest take on the economic outlook on Tuesday, following higher-than-expected inflation data last week. Powell will participate in a discussion on Tuesday at 1:15 p.
Stock Futures Rise After Powell Comments Dent Rate-Cut Hopes Further U.S. stock futures rebounded early Wednesday after Federal Reserve Chairman Jerome Powell said progress on bringing down inflation stalled,
U.S. stock futures were mixed early Wednesday after Federal Reserve Chairman Jerome Powell said progress on bringing down inflation stalled, pushing back the prospect of interest-rate cuts until later in the year.
U.S. stock futures were pointing up early Tuesday after falling the previous two sessions on worries that the Federal Reserve will have to maintain high interest rates to keep inflation under control.
Wall Street stocks ended little changed Tuesday as markets digested mixed economic data and Federal Reserve commentary suggesting interest rates would remain high for longer.