Aug 27 (Reuters) – The U.S. economy continues to make progress towards the Federal Reserve’s benchmarks for reducing its pandemic-era emergency programs, Fed Chair Jerome Powell said on Friday, in remarks that defended the view current high inflation will likely pass and stopped short of signaling the timing for any policy shift. STORY: STATEMENT: MARKET…
By Devik Jain and Sagarika Jaisinghani Oct 1 (Reuters) – Wall Street’s main indexes rose on the first day of the fourth quarter on Thursday as investors bet on more fiscal stimulus after data showed a recovery in the labor market was slowing. The number of Americans filing for jobless benefits fell to 837,000 in…
By Caroline Valetkevitch NEW YORK, Feb 12 (Reuters) – U.S.stocks were mostly higher on Friday as investors awaited progress towards more U.S. fiscal stimulus and the dollar gained after several days of losses, while cryptocurrency Bitcoin eased after hitting a record high. MSCI’s gauge of stocks across the globe was on track to post gains…