Fed Chairman Jerome Powell said in a news conference that recently low inflationary pressures may only be "transitory," dashing speculation the central bank was at least entertaining the idea of a rate cut because of tame inflation.
Powell's comment and the move in Treasurys came after the Fed voted unanimously to maintain the benchmark rate in a range of 2.25% and 2.5%. On inflation, the central bank said it remained low. Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday. Feb. 26, 2019.Apple shares rose 4.9% after its earnings and revenue for the previous quarter beat expectations. The tech giant's"Simply put Apple's results and outlook across most metrics were clearly better than expected," an analyst atMondelez also rose 1.6% after posting better-than-expected results.
Source: News Formal (newsformal.com)
ClosingBell Between federalreserve and realDonaldTrump with the stupid trade wars, working Americans with their savings in investments don’t have a chance. Maybe MittRomney in 2020 would be a better choice.
No worries it’s just another day of computerized organized crime on Fraudstreet, stick with the cnbc carnival barkers, full of daily excuses to help micromanage it all lol
Always sell a double top
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