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Wall St edges higher as investors digest cbank comments
Wall Street’s main indexes inched higher on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials.
Wall Street’s main indexes inched higher on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials.
S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed’s rate hike stance.
Oil prices plummet over 4% due to demand concerns and a strong dollar.
Relentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half.
Just a few weeks ago, many expected the Federal Reserve to continue raise interest rates.
The consumer price index report for February is out, showing inflation is up 6%from a year ago.
Federal Reserve Chair Jerome Powell took the hot seat in Capitol Hill after delivering the Semi-Annual Monetary Report to Congress.