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Amid oil-driven volatility, investors lean on resilient sectors, with Boston Scientific Corporation now standing out as a steady defensive healthcare play.
Wall Street sold off as concerns about inflation remained elevated and Iran hostilities continued after a two-day Federal Reserve meeting.
Crude oil prices have surged more than 70% this year, but there's the potential to go much higher to new records.
US job creation has slowed to essentially zero, Federal Reserve Chair Jerome Powell said, though central bankers see the unemployment rate holding steady at 4.4%.
Oil prices vary widely, but some are indeed at all-time highs.
Bond yields and the dollar extended gains as Powell said it’s important to keep interest rates mildly restrictive, while traders scaled back their expectations for a reduction this year. In a widely expected move, Fed officials left interest rates unchan
The Fed chair was asked about stagflation fears but warned that repeated shocks—from tariffs to Iran—could begin to unanchor inflation expectations
Policymakers at the Federal Reserve are at least thinking about the possibility of rate hikes in response to growing inflation, and at least one person at the Fed wants to put that in writing.
The dollar index (DXY00 ) on Wednesday rose by +0.51%. The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy. Also, signs of escalation in the Iran war knocked
A combination of a safe-haven investment and a fast-growing clean energy business makes this stock attractive amid rising oil prices.
April WTI crude oil (CLJ26 ) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26 ) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sha
March 18 () - Federal Reserve Chair Jerome Powell said on Wednesday he will stay on as central bank leader if his successor is not confirmed by May, when his current chair term ends. “If my successor is not confirmed by the end of my term as chair,
March 18 (Reuters) - Federal Reserve Chair Jerome Powell said Wednesday the latest round of Fed forecasts are a bit of a shot in the dark given uncertainty created by the Iran war. Commenting on the Fed’s Summary of Economic Projections released wit
The Fed’s rate pause — and expectations that it may not lower rates again any time soon — is a mixed bag for consumers. But it means you should try maximizing the rates you get on your savings and keeping interest costs on your debt as low as possible.