federal reserve chair jerome powell

Wall Street surges as Powell cements September rate cut hopes

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Fed’s Powell says ‘time has come’ to cut interest rates Small caps, regional banks surge Workday jumps after Q2 revenue beat, $1 bln share buyback plan Indexes up: Dow 0.90%, S&P 500 0.88%, Nasdaq 1.21% NEW YORK, – U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations … Read more

Oil extends gains after US inflation data pushes Wall Street to lift Fed rate cut bets; Brent stays above $85/bbl

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Oil extends gains after US inflation data pushes Wall Street to lift Fed rate cut bets; Brent stays above $85/bbl

Crude oil prices extended gains on Thursday, July 11, keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the US Federal Reserve. This came after US government data showed an unexpected slowdown in consumer price-based (CPI) inflation. Brent crude futures were up 23 … Read more