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U.S. stocks close lower due to tepid consumer sentiment - Vimarsana News

U.S. stocks close lower due to tepid consumer sentiment

NEW YORK, May 12 (Xinhua) -- U.S. stocks declined on Friday as disappointing consumer sentiment weighed on investors risk appetite. The Dow Jones Industrial Ave

"Sizable increase" in interest rates on table if inflation remains elevated: US Fed's Bowman - Vimarsana News

"Sizable increase" in interest rates on table if inflation remains elevated: US Fed's Bowman

The US Federal Reserve Governor Michelle W. Bowman said that sizable increase in the key interest rate would remain on the table if inflation continues to rem