Tag: Federal Reserve
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US Stocks Slide – Weekly Losses Deepen After Powell’s Comments
US stocks took a sharp downturn on Friday, heading for substantial weekly declines as investors responded to Federal Reserve Chair Jerome Powell’s message that...
Markets Hit Record Highs Amid Post-Trump Election Rally
U.S. stocks extended their rally on Thursday, hitting record highs as investors digested the implications of Donald Trump's presidential victory. The S&P 500 rose...
Wells Fargo CEO Warns of Potential $2-3 Billion Loss on Office Loan Portfolio
Wells Fargo CEO Charlie Scharf announced on Thursday that the bank may face losses ranging between $2 billion and $3 billion in its commercial...
U.S. Inflation Slows in September, but Challenges Remain
America’s inflation rate reached a three-and-a-half-year low in September, slowing to a pace similar to what was last seen in 2017 and 2018. The...
