Wednesday, August 4, 2021

Key Fed official sees rates liftoff in 2023 as policy debate heats up

Key Fed official sees rates liftoff in 2023 as policy debate heats up The economy, recovering from the punishing blow of the pandemic, is supporting 6.8 million fewer jobs than it did before the crisis hit, but inflation is running well above the Fed#39;s 2% target.

from Moneycontrol Business News https://ift.tt/3xodJ7t

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...