Tech leads U.S. stocks lower; crude oil increases
Musk fuels Bitcoin volatility by saying Tesla hasn t sold stake
JoAnne Feeney s Top Picks: May 14, 2021
A day in the life of Wall Street shows NYC at cusp of comeback
More than US$1.3 billion worth of art sold this week in NYC
Robert McWhirter s Top Picks: May 13, 2021
Paul Harris Top Picks: May 12, 2021
Fed s Clarida plays down significance of rising inflation
Stocks slide for second day; treasury yields rise
The options market may be fueling the turbulence in tech shares
Bruce Campbell s Top Picks: May 11, 2021
Upstart crypto exchange FTX surges toward top of trading ranks
Key African central banks may hold rates on growth concerns
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Weakened Thai Economy Faces Uphill Battle Amid Virus Surge
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook.
Acceleration in U.S. price growth this year will have “only transitory effects on underlying inflation,” Fed Vice Chair Richard Clarida said Wednesday, playing down news released earlier that consumer prices climbed in April by the most since 2009.
Governor Lael Brainard said the day before that officials should be “patient though the transitory surge.” Both echoed Powell, who has repeatedly stressed the temporary nature of an anticipated increase in price pressures.
While policy makers expect the Fed’s preferred measure of inflation to rise to around 2.4 per cent this year as the economy reopens and the pandemic recedes, they forecast it to return to their 2 per cent goal for 2022.