top of page
  • NEWS Desk Global

WALL STREET MODESTLY HIGHER ON MIXED FED MESSAGES, STRONG GDP DATA

Wall Street edged higher on Wednesday as a robust upward GDP revision eased worries about a possible U.S. recession, while Federal Reserve officials' remarks left unresolved questions about the duration of the central bank's restrictive policy.

All three indexes were modestly higher, paring initial gains after Richmond Fed President Thomas Barkin expressed skepticism that the central bank's tightening cycle is finished, keeping the option of another rate hike on the table in case inflation flares up again.

1 view0 comments

Comments


bottom of page