Stocks rose on Wednesday after the minutes of the Federal Reserve’s May policy meeting showed the central bank is prepared to raise rates further than the market had anticipated. The Dow Jones Industrial Average jumped 191.66 points, or 0.6%, to 32,120.28. The S&P 500 climbed 0.9% to 3,978.73, and the […]
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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Ethan Wolff-Mann, a senior writer. Follow him on Twitter @ewolffmann. The chorus of those wanting a weaker labor market is […]
Text size Markets are pricing in more aggressive moves from the Federal Reserve to rein in inflation. Stefani Reynolds/AFP via Getty Images The stock market fell, though it recovered some losses Wednesday after minutes from the Federal Reserve’s last meeting showed a half-point rate increase is possible and the good […]
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Banks report Q1 earnings starting next week 10-year Treasury yield at three-year highs Indexes: Dow ends up 0.4%, S&P down 0.27%, Nasdaq down 1.34% NEW YORK, April 8 (Reuters) – The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and […]
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Powell says central bank likely to raise rates in March Fed chief says inflation has not improved since December U.S. stocks reverse course to end mostly lower WASHINGTON, Jan 26 (Reuters) – The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans […]
Text size Jerome Powell, chair of the Federal Reserve. Graeme Jennings / POOL/AFP via Getty Images The Federal Reserve could implement two interest-rate increases in one fell swoop next month. The stock market tends to perform poorly just ahead of that type of move, but things usually get much better […]