price pressures

US stocks fall after Fed minutes; Nvidia shares climb after the bell

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US stocks fall after Fed minutes; Nvidia shares climb after the bell

U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve‘s most recent meeting but Nvidia‘s shares rose about 6% after the close on the semiconductor bellwether’s stronger-than-expected revenue forecast. The news also drove gains in other chipmakers. Investors had focused on whether Nvidia‘s first-quarter results could meet sky-high expectations and whether the … Read more

Fed cites lack of progress on inflation, holds rates steady

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Fed cites lack of progress on inflation, holds rates steady

Washington: The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high. Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% – where it’s been since July – following … Read more