Inflation Data Reinforce Powell’s Shift Toward High for Longer
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.
Emerging market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.
The UK’s financial watchdog pushed back against criticism of its plan to name firms it’s investigating at an early stage, which it thinks will boost transparency and deterrence.
Major Russian grain exporter TD Rif has accused Moscow of trying to control and inflate export prices, another escalation in a dispute between the government and one of the country’s biggest wheat traders.
Companies are increasingly piling into a re-energized market for initial public offerings, and if the Federal Reserve finally stops punting on interest rate cuts, the trend may have room to run.
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