Futures Movers Oil Marks Back to Back Losses after Fed S Powell Sparks Selloff
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The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.CBS News - Top stories - Federal Reserve -
E.ON Backs Guidance After Swing Back to Profit
E.ON reiterated its full-year views and confirmed its planned investments for the year after it reported a profit in the first quarter, driven by investment-led growth.The Wall Street Journal - World -
U.N.'s new breakdown of Gaza death toll sparks confusion and anger
Global health officials say the number of women and children killed in Gaza has not been revised down after new details published by the United Nations sparka an outcry.NBC News - Top stories -
Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam
Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.CNBC - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve