Financial Markets

New York stocks ended the week lower as investors exhibited anxiety over the Federal Reserve's warning that interest rates may stay higher for longer than previously expected. The S&P 500 closed 0.2% lower, while the Dow Jones Industrial Average fell by 0.3%. The tech-heavy...

The U.S. dollar held onto its gains on Thursday after the Federal Reserve decided to keep interest rates within the range of 5.25% to 5.5%. The dollar index, measuring the greenback against a basket of major currencies, rose to 105.68—its peak since March—before closing...

Goldman Sachs economists have revised their forecasts for the earliest date that the Federal Reserve might be expected to introduce an interest rate cut. While the investment firm's economists previously expected a rate cu in the second quarter of 2024, they have pushed their...

The Federal Reserve is widely expected to hold U.S. interest rates steady at its September meeting which concludes on Wednesday. Still, observers are being careful to not rule out the possibility of the Fed implementing further interest rate hikes later on in the year. "I...

U.S. futures rose on Wednesday as the Federal Reserve continues to hold its September policy meeting. The central bank is due to announce its latest interest rate decision later on in the day, while Fed Chair Jerome Powell is slated to deliver an address....

As the oil market continues to heat up, investors are increasingly considering the possibility of oil prices hitting $100 per barrel. This comes as premiums for physical barrels from the Middle East, Azerbaijan, and Russia are continually being sold for premium prices as seasonal...