Fed Sees No 'Hurry' to Cut Rates as Confidence in Economy Grows, Powell Says
GDI is an alternate measure of economic growth, similar to gross domestic product, but with income rather than output as the yardstick. A gap between the two led Fed officials to worry that output might be weaker than thought, but the two converged when the estimate of GDI was increased.
The Dow Jones Industrial Average rose 17.15 points, or 0.04%, to end at 42,330.15, a record closing high. It is the index's ...
Investors have been divided over whether the US central bank will slip into a series of quarter-percentage-point cuts now or ...
His Nashville speech comes nearly two weeks after the Federal Reserve lowered its interest rate by a half percentage point on ...
"Overall, the economy is in solid shape," Powell said in his prepared remarks on Monday. "We intend to use our tools to keep ...
The Indian rupee is expected to open slightly weaker and stay under pressure on Tuesday after Federal Reserve Chair Jerome ...
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