U.S. Factory Orders Jump More Than Expected In January [2021-03-06 02:43:47] Partly reflecting a spike in orders for transportation equipment, the Commerce Department released a report on Thursday showing a bigger than expected increase in new orders for U.S. manufactured goods in...
[ View ]
U.S. Stocks Extend Sell-Off As Yields Spike In Reaction To Powell Comments [2021-03-06 02:43:46] Stocks saw substantial volatility during trading on Thursday, with a sell-off seen in early afternoon trading resulting in a sharply lower close for the markets. With the steep drop on the day, the major a...
[ View ]
Powell: Reopening Could Trigger Inflation But Fed Will Remain Patient [2021-03-06 02:43:46] Federal Reserve Chairman Jerome Powell acknowledged Thursday the reopening of the U.S. economy could lead to higher inflation but reiterated the central bank will remain "patient" with regard to monetary p...
[ View ]