Tag: Jerome Powell

Stocks Turn Lower After Powell Interest-Rate Comments
Stocks Turn Lower After Powell Interest-Rate Comments

US stocks declined and oil prices rose as investors reacted to new Federal Reserve commentary following major indexes’ strong finish last week. The S&P 500 traded down 0.6% in afternoon trading, turning lower after comments from Fed Chairman Jerome Powell about the possibility of more aggressive interest-rate moves to tame inflation. Treasury yield rose following […]

Russian war, inflation pinch US economy
Russian war, inflation pinch US economy

The US economy faces mounting threats from abroad as the war in Ukraine and a COVID-19 surge in China threaten to stoke inflation and slow growth. While most economists say the US is still on track for stellar job gains and sturdy economic growth this year, the risks of a slowdown have spiked over the […]

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