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In opening remarks, Kevin Warsh said economic growth was strong and the labor market healthy, while warning that inflation remains too high. He said third-quarter growth appeared to accelerate, driven in part by strong consumer spending.
The national average price of a gallon of diesel has hit a record $6.51, while gasoline remains near historic highs. Yet, the U.S. economy does not seem to care. • State Street SPDR S&P 500 ETF Trust stock is moving in positive territory. Why are SPY shares climbing? The Federal Reserve Bank of Atlanta’s GDPNow model e
U.S. stock futures were mixed Friday, with the S&P 500 and Nasdaq 100 lower and the Dow higher ahead of Kevin Warsh’s Jackson Hole speech. Treasury yields were also in focus.
Major U.S. indices closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 1.03% to 52,747.32 and the S&P 500 adding 0.2% to 7,428.78. The Nasdaq slipped 0.22% to end at 24,876.91. Citadel Securities reportedly predicted the Federal Reserve could deliver a surprise 25-basis-point rate hike, while Jim Bia