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A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the coming months than it has previously forecast.
___ Stocks rally, close out their first winning week in last 4 NEW YORK (AP) — Stocks rallied on Wall Street, climbing to their biggest gain in six weeks. The S&P 500 jumped 1.6% and marked its first winning week in the last four.
Several recent reports suggested that the economy was stronger — and inflation more persistent — than previous data had indicated.
A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the
A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the coming months than it has previously forecast, several Fed officials say