Powell confirmed by Senate for second term as Fed chair
The US Senate has confirmed Jay Powell to serve a second term as chair of the Federal Reserve, capping off a series of historic votes that have reshaped the top…
Stocks Climb on Inflation Data
Data show first inflation deceleration since August Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected.…
US inflation stays at 40-year high defying expectations of bigger drop
US consumer prices rose at an annual pace of 8.3 per cent last month, more than economists’ expectations and staying at a four-decade high, underscoring the urgency of the Federal…