Wednesday’s climb toward a closing level above 48,000 in the Dow Jones Industrial Average was interrupted after Federal Reserve Chair Jerome Powell refrained from signaling that another interest-rate ...
Most economists expect the Fed to make a cut of 50 or 75 basis points to the end of January in a data vacuum. And, yes, they are caught between a rock (inflation) and a hard place (the labor market).
U.S. stocks bounced around their records after the Federal Reserve made moves to boost the job market but warned that more ...
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