The Latest Breaking News from Jerome Powell

Chair Jerome Powell underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control — a high-stakes effort that carries the risk of causing an eventual recession

Stocks are moving firmly higher Tuesday following a key reading of April retail sales as Walmart sounds the alarm on the impact of surging inflation costs.

Stocks finished higher Friday, snapping a six-day losing streak for the Dow.

London (AFP) - Global stock markets rebounded Friday on easing fears about the pace of interest rate rises in the United States that are aimed at bringing down the country's highest inflation in decades.

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Hong Kong (AFP) - Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment.

Rolling coverage of the latest economic and financial news

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

Hong Kong (AFP) - Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, which rebounded at the close after investors calmed down about US policies to counter surging inflation.