The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Uncertainty over how rate hikes will affect bonds is leading investors to trade short-term Treasurys, according to former J.P. Morgan ETF head Joanna Gallegos.
Several of the 2024 budget tax proposals have been part of the president’s domestic agenda wish list dating back to his 2020 campaign.
The Federal Reserve is unlikely to be able to bring down inflation without having to push rates considerably higher, according to a research paper.
PepsiCo saw volume fall 2% across its food business as price hikes hurt demand even as they buoyed revenue.
The Bank of England governor on Thursday talked down expectations that it is readying to pause or pivot rate hikes, noting that there is still some way to go in taming inflation.
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