US stock futures fall early Wednesday, as investors brace for Powell's testimony. Meanwhile,...
US stock futures fall early Wednesday, as investors brace for Powell's testimony. Meanwhile, in London, traders are expecting further Bank of England interest-rate hikes after another shock inflation reading. Check out the latest market moves.
Earnings on deck: KB Home, Patterson Companies, and Winnebago Industries, all reporting.
A Canadian plane searching for the vessel detected “underwater noises,” the U.S. Coast Guard said.
The Coast Guard said that some of the remote-operated vehicles involved in the search near the Titanic...
The Coast Guard said that some of the remote-operated vehicles involved in the search near the Titanic had been relocated in an attempt to determine the origin of the sounds.
Fed chief Jerome Powell tells Congress to expect higher interest rates
Federal Reserve Chair Jerome Powell on Wednesday told Congress that, with U.S. inflation well above target,...
Federal Reserve Chair Jerome Powell on Wednesday told Congress that, with U.S. inflation well above target, more interest rates are likely this year, although he did not shed any new light on the timing of the moves. Powell was vague on the timing.
“Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year, ” Powell said, in testimony prepared for delivery to the House Financial Service Committee on Wednesday.
Benchmark U.S. crude oil for July delivery fell $1.28 to $70.50 a barrel Tuesday. Brent crudefor August delivery fell 19 cents to $75.90 a barrel.
Wholesale gasolinefor July delivery fell 7 cents to $2.61 a gallon. July heating oilfell 7 cents to $2.48 a gallon. July natural gasfell 14 cents to $2.49 per 1,000 cubic feet.
