tag:New York Stock Exchange – Page 2 – Charm

Finance

Wall Street struggles for direction after in-line monthly producer prices

Cs news7 months ago05 mins

Wall Street’s main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell’s comments later in the day for clues on the outlook for interest rates. The producer price index (PPI) for final demand rose 0.2% on a monthly basis in October, in line…

Finance

Fed president confirms confidence in inflation dip as Wall Street soars

Cs news8 months ago05 mins

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…