Federal Reserve Chair Jerome Powell stated on Tuesday that he continues to exercise patience regarding the inflation outlook. He also believes the central bank will need to maintain its restrictive monetary policy for an extended period. This announcement came during a discussion at the annual general meeting of the Foreign Bankers’ Association in Amsterdam. Inflation […]
In a pivotal moment for the U.S. economy, Treasury Secretary Janet Yellen reaffirmed her stance on the trajectory of inflation, emphasizing her belief that underlying price pressures are indeed on the decline. Yellen’s remarks come amidst a backdrop of persistent concerns regarding the housing market and its impact on inflation dynamics. Fundamentals Remain Strong Speaking […]
In April, the United States labor market exhibited resilience, as robust job growth persisted despite ongoing moderation in wage pressures. The eagerly awaited monthly report from the Bureau of Labor Statistics was released on Friday. It revealed that employers added an estimated 240,000 jobs last month, surpassing economists’ expectations. This underscores the economy’s steady recovery […]
Following the latest meeting of the Federal Reserve, Chair Jerome Powell hinted at the possibility of interest rate reductions this year. He also acknowledged the persistent threat of inflation during a highly anticipated press conference. Powell’s remarks underscored the central bank’s cautious approach amidst ongoing economic uncertainties. While leaving the door open for potential rate […]
In a day marked by anticipation, investors received clarity on Wednesday as the Federal Reserve announced its decision to keep interest rates steady while hinting at the possibility of more flexible monetary policies in the coming year. The news was met with enthusiasm on Wall Street, propelling indices to new historic highs. Wall Street Records […]
The White House has urged House Republicans to “swiftly elect a Speaker,” marking the first official response from the administration following the vote that removed Rep. Kevin McCarthy from his leadership role. Speaker of The House White House press secretary Karine Jean-Pierre stated on Tuesday, “President Biden has consistently shown his willingness to collaborate in […]
Sales Support