NEW YORK: The 10.7% rally in the S&P 500 from its June lows is stumbling as it runs into what has historically been the toughest month for the U.S. stock market, sparking nerves among some fund managers of a broad sell-off in September. The S&P has been in a bear market since plummeting early this … Read more
By Catarina Saraiva The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the US economy recover from the coronavirus pandemic. The Federal Open Market Committee “expects to maintain an accommodative stance of monetary policy” until it achieves inflation averaging 2% over time and … Read more
By Steve Matthews and Emily Barrett Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the US economic recovery. The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a … Read more
The Jackson Hole congregation of money policymakers will be a pale affair this year, as the Covid-19 crisis has forced the annual event to go virtual this year. Yet, investors around the globe would be glued to the event keenly this year, hoping for US Federal Reserve Chair Jerome Powell to drop some signals on … Read more