Fed Chairman Jerome Powell

WASHINGTON | US wholesale prices fell 0.2 percent in December

WASHINGTON—Jan 15, 2019— U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent in December from … Continue reading WASHINGTON | US wholesale prices fell 0.2 percent in December

NEW YORK | Markets Right Now: Stocks soar, erasing Thursday’s plunge

NEW YORK — Jan 04, 2019—The latest on developments in financial markets (all times local): 4 p.m. Wall Street roared back, wiping out all of the market’s losses from the previous day, as a barrage of positive news eased concerns about the global economy and interest rates. Major indexes closed up more than 3 percent … Continue reading NEW YORK | Markets Right Now: Stocks soar, erasing Thursday’s plunge

WASHINGTON | Federal Reserve projects further gradual hikes in key rate

WASHINGTON— The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. The Fed’s … Continue reading WASHINGTON | Federal Reserve projects further gradual hikes in key rate

The Latest: Fed raises interest rates one-quarter point

WASHINGTON /March 21, 2018 (AP)(STL.News) The Latest on the Federal Reserve’s monetary policy meeting (all times local): ___ 2:05 Fed policymakers expect to raise their benchmark interest rate three times in 2019. That’s up from an earlier forecast of two, amid expectations of faster economic growth that they forecast will push the unemployment rate to … Continue reading The Latest: Fed raises interest rates one-quarter point

US stocks listless; S&P 500 closing worst month in 2 years

NEW YORK /February 28, 2018 (AP)(STL.News) — U.S. stock indexes were listless in midday trading Wednesday, after earlier gains mostly evaporated, and the Standard & Poor’s 500 was on track to close out February with a loss. It would be just the second down month for the index in the last two years, when dividends … Continue reading US stocks listless; S&P 500 closing worst month in 2 years