Futures on the Dow Jones Industrial Average increased by 67 points or 0.2 percent. Futures on the S&P 500 and Nasdaq 100 rose 0.3 percent and 0.5 percent, respectively. The S&P 500 fell 3.9 percent to its lowest level since March 2021, plunging more than 21% from its January high. On Monday night, US stock … Read more
Lael Brainard, Vice Chair of the Federal Reserve, stated that she does not expect the central bank to stop raising interest rates anytime soon. “We’ve still got a lot of work to do to get inflation down to our 2% target,” she said. Despite concerns about inflation, Brainard voiced optimism in the economy. Federal Reserve … Read more
Early Monday, Wall Street equities were little changed at the start of a busy week that includes an expected interest rate hike by the Federal Reserve as well as major earnings and data announcements. As the US central bank continues to combat inflation, investors are bracing for a two-day Fed meeting that is expected to … Read more
