Stocks have broadly rallied this month after a rough April on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. GameStop soared 74.4% in a swing reminiscent of its maniacal moves from three years ago, when hordes of smaller-pocketed investors sent the stock’s price way above what many …
After gaining around six per cent last week due to the Middle East conflict, oil prices have largely remained range-bound this week as rate cut hopes from the US Federal Reserve have faded away. {{^adFree}} {{/adFree}} The US Federal Reserve announced its interest rate decision on January 31, after a two-day Federal Open Market Committee meeting, leaving the benchmark interest …
U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …
