Wall Street recovers from Fri.'s shock
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With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move,
Calm returned to Wall Street on Monday, and U.S. stocks rose, while oil prices gave back some of their initial spurts following Israel's attack on Iranian nuclear and military targets at the end of last week.
Stay updated on this week's market dynamics with Wall Street Breakfast. Key topics: Fed rate decision, Israel-Iran tensions, oil prices, & earnings reports.
The race to be the next Fed chair is underway. Days after Trump again criticized Powell and said he would name a successor “very soon,” our colleagues in Washington reported on the possible successors,
Wall Street analysts don't expect much in the way of fireworks during the Federal Reserve's upcoming post-meeting press conference, slated for Wednesday. But one strategist believes the central bank could take an unconventional step regarding its messaging to help keep its options open.
Encouraging economic data has boosted market hopes for Fed rate cuts, but policymakers remain cautious amid lingering uncertainty over tariffs and the labor market.
Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates and the economy.