Fed Officials Thought Rates Could Rise More if Inflation Stayed Stubborn Minutes from the Federal Reserve’s early November meeting suggested another rate increase remained possible, but officials were in no hurry.
Stock Market Rallies After CPI Inflation Report The S&P 500 was on track for its biggest gain of the year, while shares of smaller companies surged.
Moody’s Changes U.S. Credit Outlook to ‘Negative’ Moody’s reaffirmed America’s credit rating at the highest AAA level but expressed concern about the nation’s fiscal trajectory amid congressional dysfunction.
Fed Chair Recalls Inflation ‘Head Fakes,’ Pledges to Do More if Needed Jerome H. Powell, the Federal Reserve chair, said officials will proceed carefully. But if more policy action is needed, he pledged to take it.
Huge Reversal in Bonds and Rally in Stocks Cap Wild Week for Markets A series of data reports and actions by policymakers have led investors to reassess their assumptions about interest rates and the economy.