Stay updated with breaking news from Tom Barkin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on
(Bloomberg) -- Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. US equity futures were little changed, while Europe’s Stoxx 600 traded 0.3% higher, buoyed by oil companies as traders awaited euro-zone manufacturing statistics. Chinese shares fell after the factory data and a speech from President Xi Jinping that flagged headwinds facing the economy. Oil jumped jumped after Iran dispatched a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The tech-heavy index slid to begin the new year on Tuesday.
The Fed's preferred inflation gauge dropped below the central bank's target on a six-month annualized basis, which could help justify an easing of monetary policy in 2024.