Stocks Rise After May CPI Shows Inflation is Easing
The latest inflation data has all but guaranteed the Fed will hold interest rates steady for the time being.
Stay updated with breaking news from Michael Reinking. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The latest inflation data has all but guaranteed the Fed will hold interest rates steady for the time being.
While a Monday night meeting between Biden and McCarthy was "productive," there are no signs the two sides are nearing a deal.
The major indexes soared after President Biden and House Speaker McCarthy both struck an optimistic tone on recent debt limit talks.
The major indexes made modest moves ahead of earnings from Microsoft, Alphabet and Meta Platforms.
The Organization of the Petroleum Exporting Countries and its allies over the weekend announced a surprise cut to crude production.