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Fed mulls ‘game changer’ to jolt inflation: Decision day guide
Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along with growing concerns that it will persist. The Federal Open Market Committee is expected to raise rates 75 basis points by Wall Street firms including Goldman Sachs…
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Stocks Rise Second Day, Recoup Last Week’s Losses: Markets Wrap
US stocks rose for a second day, climbing to session highs in the last hour of trading amid a broad-based rally. Treasuries pared gains and the dollar slipped. Back-to-back gains in the S&P 500 clawed back all of last week’s losses. The tech-heavy Nasdaq 100 advanced with megacaps Apple Inc. and Microsoft Corp. offsetting declines…