Dollar Retreats From Six-Week Peak as Investors Await Fed’s Next Move
The U.S. dollar edged lower on Monday but remained close to the six-week high recorded by the greenback on Friday. The U.S. Dollar index, which measures the dollar against a basket of major currencies, retreated by 0.14% to 103.83. Despite the drop, the index...
Oil Steadies at $79 Ahead of Fed Decision
Oil prices remained relatively unchanged on Wednesday as investors await the Federal Reserve's latest interest rate policy decision. West Texas Intermediate, the U.S. benchmark, held steady at $79 per barrel after gaining 1.3% on Tuesday.
Although another interest rate hike from the Federal Reserve is...
Stock Futures Fall Ahead of Wave of Economic Data
U.S. stock futures edged lower on Monday ahead of a week filled with the release of a slew of economic data, including the earnings report, jobs report, and the upcoming Federal Reserve meeting.
Futures listed on the S&P 500 Index lost 1% while those on...
Federal Reserve Contemplates Interest Rate Hike Slowdown
Federal Reserve officials are considering a second consecutive interest rate hike slowdown in the next meeting as economic data points to a decline in inflation. As a result of cooling inflation, the central bank may decide that it can afford to loosen its monetary...
The Fed Raises Interest Rates By Another 0.75%
The Federal Reserve continues to be aggressive in attempts to flatten the surging inflation. The Federal Open Market Committee unanimously voted on Wednesday to increase the interest rates by another 0.75%, matching the June hike. Both are tied for the largest single rate hike...