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In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
He said the October jobs report's slowing job growth was largely due to storm-related damage. Powell's comments come as investors seek hints of the Fed's intended easing path after a 25 basis ...
Indexes closed lower on Thursday, dragged by tech stocks after the latest inflation report came in warmer than expected. Nvidia shares lost more than 1%, while Adobe stock fell almost 14% on a ...
In commodities, bonds, and crypto: West Texas Intermediate crude oil dipped 1% to $71.03 a barrel. Brent crude , the international benchmark, was lower by 1.01% to $75.27 a barrel.
The Fed said the sale of its holdings in the Secondary Market Corporate Credit Facility, which includes bonds of companies purchased in the secondary market and exchange-traded funds that invest ...
U.S. stocks moved higher Tuesday following U.S. and European efforts to stabilize the banking system. The S&P 500 climbed 1.3%, while the Dow Jones Industrial Average gained nearly 1%.Contracts on ...
The Fed's latest meeting minutes showed concern that inflation could remain sticky, partly because of Trump's trade policy. Stock market today: Indexes mixed as traders take in Fed minutes, mull ...