Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating t...
Tag: 75 basis points
Stocks Fall After U.S. Economy Adds Back 372,000 Jobs In June
Topline The stock market opened slightly lower on Friday despite solid gains earlier this week, as investors assessed a stronger-than-expected jobs report amid ongoing fears that the Federal Reserve’s...
Stocks Post Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a lo...
Stocks On Track For Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market moved slightly higher on Friday as it attempts to rebound from a brutal selloff, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace...