SPDR S&P Regional Banking ETF

Powell sees inflation slowing, not necessarily rising due to oil scare

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Fed Chair Powell: Inflation expectations appear to be fairly stable over the short term

The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more

The odds of a recession are rising on Wall Street as the economy shows lower margins

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Markets are facing oil shocks, rising yields and recessionary concerns

Federal Reserve Chairman Jerome Powell last week pushed back when asked if the recession poses a threat to the US economy. His successor may face a tough challenge, as Wall Street analysts raise their expectations of a recession, brought on in part by the Iran war and the possibility of higher prices. In recent days, … Read more