Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday.
With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday.
The dazzling success of weight-loss drugs in the United States is leading to lower interest rates in Denmark, home of one of their biggest manufacturers, according to the Nordic country’s biggest bank.
Federal Reserve officials weren’t convinced that inflation will continue to slow without seeing the US economy and the tight labor market also cool, according to minutes from their July policy meeting released Wednesday.