The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and global risks.
Wall Street falls with tech shares, investors assess rate outlook oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
Asian stocks retreat on global recession angst; dollar firm oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
Oil futures inched lower on Friday as a firm dollar weighed on prices ahead of key U.S. jobs data, although benchmarks were headed for a weekly gain on OPEC+ s move to cut production. .
REUTERS: Oil prices steadied on Friday ahead of key US economic data after rising over 1 percent in the last session on cuts to OPEC+ production targets. Brent crude futures slipped 11 cents to $94.31 a barrel by 0339 GMT. WTI crude futures were down 5 cents to $88.40 a barrel, after earlier hitting $89.37 per barrel, the highest since Sept. 14. A stronger dollar added