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Biden Administration Backs Independent Federal Reserve Amid Trump's Alleged Plans To Control US Monetary Policy: 'Highly Motivated' By History
2024 May 22, 11:22pm | 544The Biden administration has reaffirmed its support for an autonomous Federal Reserve amid reports of former President Donald Trump‘s intentions to influence U.S. monetary policy. What Happened: The White House Council for Economic Advisors underlined the importance of central bank...
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Jim Cramer Suggests Fed's Inflation Concerns May Be Outdated: Lot Less Hand Wringing If They Had 'Seen These Numbers Ahead Of Time'
2024 May 22, 9:59pm | 570CNBC host Jim Cramer has suggested that the Federal Reserve’s concerns about inflation may be outdated, as recent data indicates a cooling economy. What Happened: Cramer, on his show “Mad Money,” pointed out that the economy has shown signs of cooling since the Fed’s last...
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Fed Minutes Raise Risk Of 'Higher-For-Longer' Interest Rates: 'Bears Would Normally Get Excited, But...'
2024 May 22, 4:05pm | 680The minutes from the May Federal Open Market Committee (FOMC) meeting delivered a harsh reality check to investors, countering the dovish signals earlier conveyed by Fed Chair Jerome Powell during the May press conference. Three key messages reignited investor fears about the increasing likelihood...
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Inflation Hits Home: Parents Face Mounting Financial Pressures As Prices Soar
2024 May 22, 3:08pm | 559You can buy all the parenting books you want, but chances are you don’t realize how expensive kids can be till you have them. And while inflation is eating into the pockets of most Americans, rising prices are hitting American parents the hardest, with the situation being the most dire in...
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High Interest Rates Here To Stay? Fed Minutes Reveal Disinflation Takes 'Longer Than Previously Thought'
2024 May 22, 2:22pm | 471The minutes from the latest Federal Open Market Committee meeting released Wednesday reveal increased uncertainty about the swift decline of inflation toward the 2% target, with the majority of board members indicating the need to keep restrictive interest rates for an extended period. Participants...
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Stocks Falter, Metals Fall As Traders Turn Cautious Ahead Of Fed Minutes, Nvidia Earnings; First Solar Hits Record Highs: What's Driving Markets Wednesday?
2024 May 22, 1:02pm | 1059Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp. (NASDAQ:NVDA) earnings announcement after the market close. The tech-heavy Nasdaq 100 gained 0.2%, slightly...
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How Should You Play the U.S. Upstream Oil & Gas Industry?
2024 May 22, 12:23pm | 1796The Federal Reserve officials' cautious stance on inflation has not only delayed potential interest rate cuts but also affected market confidence and cast a pall on the Zacks Oil and Gas - Exploration and Production - United States industry. OPEC's substantial spare capacity and Russia'...
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Wall Street Braces For Subdued Start Ahead Of Nvidia Earnings, Fed Minutes: Analyst Cautions About Guarding Against 'Over-Exuberance'
2024 May 22, 7:21am | 1190Index futures are trading uniformly lower early Wednesday after the market’s resilient upward move in the previous session. The sentiment is likely to remain guarded ahead of Nvidia Corp.’s (NASDAQ:NVDA) quarterly report due after the market opens. Traders may also pore over the May...
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4 Under $20 Stocks to Bet on as Inflation Subsides
2024 May 21, 1:22pm | 844Warren Buffett once said, "You pay a very high price in the stock market for a cheery consensus." Yet, the higher the price one pays for a stock, the lower the return one can expect. Successful investing is about buying stocks cheap and then have others agree with you. True to form,...
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Gold Shatters Expectations With A Record High Of $2,450 Per Ounce Amid Expectations Of Lower Interest Rates
2024 May 21, 9:24am | 420Gold prices have hit a new record of $2,450 per ounce, influenced by anticipations of a U.S. Federal Reserve rate cut. Hedge funds have increased their bullish investments in gold futures. Gold's value has surged 17% since the beginning of the year, with predictions suggesting it might...
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Wall Street To Open Mostly Flat As Nvidia Earnings, Fed Speeches Keep Traders On Edge; Bitcoin Rockets Above $71K On Ethereum ETF Approval Buzz
2024 May 21, 7:14am | 1230Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...
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Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday?
2024 May 20, 1:34pm | 982Wall Street kicked off the new week on a high note, with all major U.S. indices posting gains and reaching fresh record highs by midday trading in New York, as the bull market momentum remains strong. The S&P 500 index surged to 5,325 points during the session, matching last Thursday’s...
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Gold Hits New Record High
2024 May 20, 9:33am | 529By RoboForex Analytical Department On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven...
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Nasdaq, S&P 500 Futures Keep Head Above Water Ahead Of Fed Speeches: Analyst Says Market-Boosting Themes 'Firmly In Place'
2024 May 20, 7:48am | 1155U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in...
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Fed Chair Jerome Powell Urges Law Graduates To 'Think Beyond Their Personal Success': 'Little Initiative Can Make All The Difference'
2024 May 20, 5:50am | 646In a recent address at Georgetown University Law Center, Federal Reserve Chair Jerome Powell encouraged graduates to consider public service as a career path. Powell, who is currently isolating after testing positive for COVID-19, shared personal anecdotes about his career in public service. What...