Powell

U.S. stocks lost steam Thursday as investors braced for more remarks from Federal Reserve Chair Jerome Powell during his second day of testimony on Capitol Hill.The S&P 500 was up just 0.1% after retreating from an earlier climb, and…

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…

Dow Jones futures fell solidly early Wednesday, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell set to testify before Congress on Wednesday morning. X The stock market rally attempt had a strong…

Wall Street’s main indexes had a choppy start to trading on Tuesday, advancing after earlier declines as investors weight testimony from Federal Reserve Chair Jerome Powell.The S&P 500 and Nasdaq clawed back from morning drops,…

“High inflation is a severe threat to the achievement of maximum employment," he said.The economy, the Fed chair added, must grow for an extended period to put as many Americans back to work as possible. Controlling inflation — without…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterPowell says economy can withstand Fed…

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…

(Updates to add comments from Fed Chairman Powell)* US stocks deepen losses after Fed Chair rate hike comments* European, Asian shares rebound* US Treasury yields edge up on remarks from Fed ChairBy Koh Gui Qing and Karin StroheckerNEW…

Fed starting to take the Band-Aid off, Fundstrat's Tom Lee says"I think the band aid is getting pulled off. The market's been waiting for this. It was selling off on the rumor and it's time to buy the event," said Tom Lee of Fundstrat.He…