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European Miners Look Better as China Recovery Picks Up 1304 GMT - European miners look more attractive as China's industrial activity recovers, Morgan Stanley says. While banking turmoil and rising interest-rate uncertainty have revived recession ... | 10:28am
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To rein in high inflation. some economists had expected the fed to halt its rate increases, amid fears of contagion, following the collapse of three us banks in recent weeks, among them the silicon valley bank. speaking after the rate decision, the federal reserve chair said the central bank is "closely monitoring" conditions in the banking system. inflation remains too high and the labour market continues to be very tight. my colleagues and i understand the hardship that high inflation is causing an we remain strongly committed to bringing inflation back down to our 2% goal. price stability i...
Difficult the fed's decision is, and what do you think that the impact of a pause in raising rates would do right now? >> well, as you have just described, this is a very complicated situation. the fed has a mandate to control inflation and keeping it stable, and they have a mandate of maximizing employment, and now on top of those two important goals, we have a situation with the banks at most notably the silicon valley bank which had significant risk on the balance sheet, because the asset that they held declined in value as interest went up. to the some in there, and the potential negative ...
The s&p 500 gained 35. the nasdaq added 45. the many people think the solid day-to-day had to do with the may pause rate increases at the next meeting on wednesday. we'll see. up next i will speak with republican presidential candidate nikki haley. and later, deadly spring break violence hits a tourist hot spot. ♪ all across the country, people are working hard to build a better future. so we're hard at work helping them achieve financial freedom. we're proud to serve people everywhere, in investing for the retirement they envision. from the plains to the coasts, we help americans invest for...