Author: super@dmin

Federal Reserve Chairman Jerome Powell said Wednesday that he opposed the idea of the central bank raising its inflation target to 4%, saying he thought it wouldn’t be credible.

Bernie Sanders is blasting what he calls “the corporate wing of the Democratic Party,” as centrists are reportedly growing more comfortable with Elizabeth Warren and the Massachusetts senator leads her Vermont counterpart in at least one presidential poll.

U.S. Treasury yields trade lower on Wednesday after the policy statement from the Federal Reserve’s two-day meeting suggests the central bank could cut rates later this year.

The Federal Reserve left a key interest rate unchanged and signaled it’s unlikely to cut borrowing costs in 2019, but the central bank also left itself wiggle room by saying it would “closely monitor” the economy in light of waning inflation and growing “uncertainties.”

Consumer debt has hit $14 trillion, a level some might find worrisome.

The U.S. Export-Import Bank would be open for business for seven years and impose a series of new financing restrictions.

Joe Biden suggested to affluent donors at an event Tuesday that he wouldn’t be making them political targets because of their wealth, while AOC is facing criticism after she described U.S. migrant detention centers as “concentration camps” this week.

Gold prices slip Wednesday from the previous day’s settlement at their highest in 14 months ahead of a statement from the U.S. Federal Reserve that’s expected to hint at lower interest rates.

It’s still early days in the race to become the Democratic Party’s 2020 presidential nominee, but a few CEOs of S&P 500 companies already have been voting with their wallets.

In our call of the day, David Lebovitz, global market strategist, at J.P. Morgan Asset Management, says he just doesn’t understand what’s going on with markets right now. It can’t end that well.