Category: hikes

Exclusive: Fed’s Harker Says Economy Close to Achieving Inflation Goal for Rate Hikes

October 2, 2021
Business & EconomyDistrict of ColumbiaEconomieseconomyFedhikesinflationLocal NewsPatrick HarkerrateRegional-Local NewsUSUS News
0 Comment

The U.S. Federal Reserve may be close to meeting the inflation mandate set for raising interest rates, Philadelphia Fed Bank President Patrick Harker said, but it may be a year or longer before the central bank’s employment goal is met to allow for an actual rate increase. After running high this year because of the…

Read More

S&P 500 Snaps Losing Streak With Tax Hikes, Inflation Data on Horizon

September 14, 2021
Business & EconomyCompaniesEconomieseconomyhikesHorizoninflationLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewstaxUSUS News
0 Comment

NEW YORK—The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower. Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying…

Read More