Page 48 - June Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden Monday, May 10, 2021 - 08:01 AM S&P futures started the weak flat with Nasdaq futures falling offset by surging commodity stocks as a new record in copper and iron ore prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally.  Metal producers were among the biggest gainers in premarket trading, with Freeport-McMoRan, Cleveland-Cliffs and United States Steel all up at least 3%. At 715 am ET, Dow e-minis were up 109 points, or 0.31%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e...

Janet Yellen became the first woman to head the U.S. Treasury Department on Monday, a historic appointment that will position her to promptly work on President Joe Biden’s economic agenda, which aims to further the recovery and offer relief to Americans devastated by the COVID-19 pandemic. Yellen, the first woman to lead the Federal Reserve during her tenure from 2014 to 2018, was confirmed by the Senate on Monday afternoon. She is the first person to head the Treasury, Federal Reserve and the White House Council of Economic Advisers. “As Treasury secretary, who is fifth in the presid...