Wall Street’s main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week.
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Tag: Federal Reserve
Chief Market Strategist On State Of The Economy
The Federal Reserve decides to hold interest rates steady following the latest inflation report.
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US consumer prices unchanged in May; rate-cut expectations rise
U.S. consumer prices were unexpectedly unchanged in May, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September.
Read More US consumer prices unchanged in May; rate-cut expectations rise
Wall St unsettled ahead of inflation data, Fed meeting
Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.
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US weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
Yellen to warn of ‘significant risks’ from use of AI in finance
Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs, but carries “significant risks.”
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