Jay

Wall Street stocks rose on Wednesday as investors weighed comments from the Federal Reserve chair that signalled the US economy may be strong enough to withstand more interest rate rises. The S&P 500 added 0.5 per cent after…

High inflation is a “severe threat” to the Federal Reserve’s employment goals, chair Jay Powell told US lawmakers during his confirmation hearing on Tuesday, as he sketched out the US central bank’s plans to tighten monetary…