Stocks were under pressure again this morning after yesterday’s afternoon decline. Fueling yesterday’s sell-off was the Federal Reserve’s decision to raise its projected rate of inflation for this year to 3.4%. The Fed also stated that it would move up its time line for rate hikes. Internal...
Stocks were in limbo as Wall Street awaited potentially pivotal comments from the Federal Reserve. Federal Reserve Chairman Jerome Powell is expected to address the press at 2:30 this afternoon. While the central bank is not expected to make any policy moves, it may signal to the...
Stocks were flat this morning as investors processed a deluge of information on the inflation front. Key data released earlier this morning showed that inflation is building in the U.S. economy. May’s 6.6% increase in producer prices, which measures how much companies pay producers for goods,...
