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Worries over surging inflation and a new variant of the coronavirus are roiling the U.S. corporate junk bond market, though some believe the tumble could draw investors seeking higher yields. ....
World stock markets and oil prices bounced back while safe havens fell Wednesday as investors began December by betting that the recently identified Omicron variant of the coronavirus would not derail the global economy. ....
Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at which the central bank is normalizing monetary policy to better grapple with surging consumer prices. ....
Federal Reserve Chairman Jerome Powell, who presided over a historic run-up in stocks during his tenure, will likely begin his second term amid worries over how rising inflation and looming monetary policy tightening will affect asset prices. ....
Biden's pick of Jerome Powell to continue as Federal Reserve Chair reassured investors who said it gave some predictability as the central bank prepares to start hiking rates and slows the pace of bond buying. ....