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Gold prices struggle for direction on Wednesday, after back-to-back session gains, as investors continue to weigh remarks a day earlier from Federal Chairman Jerome Powell and the reaction in the U.S. dollar and Treasury yields.
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U.S. stocks fall Wednesday, as investors waited for Disney earnings after the close and listened to several Fed speakers throughout the trading day.
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The president detailed an enterprising agenda. Federal contractors, in particular, had better listen up.
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Inflationary pressures remain quite powerful, so the Fed should keep raising rates for several more months and then hold steady until inflation falls to 2%.
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U.S. briefed 40 nations on China spy balloon incident, diplomats and official say ReutersNavy shares photos of Chinese spy balloon recovery WTHRChina wants its downed spy aircraft back, saying it 'does not belong to the US' Fox NewsThe spy balloon saga says far more about Biden's political weakness than China's strength The GuardianChinese weather balloon goes rogue, terrorizes U.S. | GARY COSBY JR. Tuscaloosa Magazine
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The labor market's surprising strength underscores why bringing inflation down will require higher interest rates than many investors have been anticipating, Fed Chair Jerome Powell said.
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