Wall Street's major indexes advanced on Tuesday after weaker-than-expected US inflation data boosted hopes that the Federal Reserve may adopt a less hawkish stance on interest rates. Strong quarterly earnings from major US banks also provided additional support as the second-quarter earnings season ...
Federal Reserve Chair Kevin Warsh told members of Congress on Tuesday that the US central bank remains fully committed to restoring price stability, stressing that the Federal Reserve will continue to operate within its statutory mandate and will not become involved in political matters. He also ...