The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link
Read More »Stock futures unchanged after Dow, S&P 500 start year at all-time highs
Futures tied to Wall Street’s key benchmarks were mixed heading into overnight trading Wednesday after stocks closed higher for the fourth straight day on the heels of Big Tech earnings. However, the winning streak in equities was eclipsed by disappointing fourth quarter results from Facebook parent company Meta (FB), which reported figures that missed estimates after the bell on Wednesday. The results sent shares tumbling more than 20% in post-market trading. Contracts on the tech-focused… Source link
Read More »Stock futures unchanged after Dow, S&P 500 start year at all-time highs
U.S. stock futures were sideways Monday evening after a momentous first trading day of 2022. Contracts on the Dow Jones Industrial Average, S&P 500, and Nasdaq were mostly flat after all three indexes rallied in Monday’s session. The Dow jumped nearly 250 points to notch a record close, and the S&P 500 gained 0.6% to 4,796.56, topping its previous high. The Nasdaq drew strength from a great day for tech to end 1.2% up but fell short of its last record close in November. “When I think about… Source link
Read More »Oil Jumps After OPEC+ Surprises Market With Unchanged Output
The Conversation January warm spells, March freezes: How plants manage the shift from winter to spring A late snowfall could set back the growth of this budding lilac. oddharmonic/Flickr, CC BY-SAWeather patterns across the U.S. have felt like a roller coaster ride for the past several months. December and January were significantly warmer than average in many locations, followed by February’s intense cold wave and a dramatic warmup. If you’ve ever seen lilac bushes crushed by snowdrifts,… Source link
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