powell – One America News Network

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 7, 2024. REUTERS/Brendan McDermid/File Photo

Wall St little unchanged as investors await Fed cues

Markets have been choppy after the S&P 500 and the Nasdaq extended gains to an eighth straight session on Monday.

Gas prices are displayed at a petrol station in Monterey Park, California, on July 19, 2022. - US gasoline prices have fallen from historic highs earlier in the summer, a retreat highlighted by a politically beset White House as a sign of moderating inflation. President Joe Biden took to Twitter to point out that prices at the pump have fallen for more than a month, saving the average driver about $25 a month. Gasoline prices are now at a national average of $4.495 per gallon, down 10 percent from a month ago but up 42 percent from the year-ago level, according to the American Automobile Association. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

U.S. Inflation Rose 3.1% In November, Above Federal Reserve’s Target

The Federal Reserve’s long-term objective for U.S. inflation was persistently exceeded in November, with 3.1% growth, supporting central bankers’ arguments to maintain current interest rates this spring.