Nov 13 (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an…
U.S. stocks mostly extended their big post-election rally on Thursday, with all three major indexes touching record highs during the session after the Federal Reserve trimmed interest rates. The Fed lowered its short-term, benchmark fed funds rate by a quarter-percentage point to between 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5%…
America’s job market roared back in September, with U.S. employers adding a whopping 254,000 jobs, according to the Bureau of Labor Statistics. The number was higher than the average monthly gain of 203,000 over the previous 12 months, according the bureau, and the strongest reading since March. Food and drink industries, health care, government, social…
Major U.S. stock indexes slipped while oil prices climbed on Tuesday amid worries about escalating tensions in the Middle East. Iran launched missiles at Israel, according to Israel Defense Forces (IDF). The IDF’s announcement came just hours after a U.S. official said Iran was preparing imminently to launch a ballistic missile attack against Israel. The official…
Federal Reserve Chair Jerome Powell on Monday said there’s “growing confidence” that inflation is moving toward the central bank’s 2% goal during a speech at the National Association for Business Economics conference in Nashville. Powell said that two further rate cuts are possible if the economy continues to perform as expected, though they are likely to…