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Stocks Rise as Powell Sticks to Wait-and-See Tone: Markets Wrap

(Bloomberg) — The stock market remained higher after Jerome Powell reiterated the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall picture. Powell also reaffirmed…
United Kingdom New York United States Alberto Musalem Jerome Powell Patrick Harker

Bonds Get Some Relief From Powell's Deja-Vu Tone: Markets Wrap

(Bloomberg) — The bond market rebounded from session lows, with Jerome Powell only reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any major new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall…
United States New York United Kingdom Loretta Mester Austan Goolsbee Rheaa Rao

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SK Hynix Plans to Spend $4 Billion on First US Chip Plant

(Bloomberg) -- SK Hynix Inc. plans to spend $3.87 billion building an advanced packaging plant and research center for artificial intelligence products in Indiana, marking a win for the Biden administration as it seeks to increase semiconductor output on American soil. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War Sce...
United States Grand Canyon West Lafayette New York Joe Biden Ian King
Source: yahoo.com

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