Wall Street’s three major indexes have edged up slightly as investors digest recent gains while remarks from Federal Reserve officials cloud the outlook about when the US central bank might start cutting interest rates.
Vice Chair for Supervision Michael Barr said on Friday he believed the Fed was at or near the peak of interest rate hikes, but San Francisco Fed chief Mary Daly and Boston Fed President Susan Collins highlighted the need for more evidence of cooling inflation.
Wall Street loses steam as traders assess Fed comments
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Wall Street’s three major indexes have edged up slightly as investors digest recent gains while remarks from Federal Reserve officials cloud the outlook about when the US central bank might start cutting interest rates.
Vice Chair for Supervision Michael Barr said on Friday he believed the Fed was at or near the peak of interest rate hikes, but San Francisco Fed chief Mary Daly and Boston Fed President Susan Collins highlighted the need for more evidence of cooling inflation.
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