Category Business

Fed is not your friend

As Wall Street prepares for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warned Federal Reserve chairman Jerome Powell would hold interest rates higher again, and could leave…

US stocks rise as investors look to inflation data

US stocks rose on Monday as investors were confident that upcoming economic data would ease pressure on the Federal Reserve to continue raising interest rates. Wall Street’s blue-chip S&P 500 index rose 0.8 percent, with all sectors except energy making…