Wall Street closed higher Friday as investors weighed President Trump’s remarks on China tariffs and regional bank earnings eased credit risk concerns. Trump’s comments on tariffs were seen as mixed, while regional banks rebounded, with Truist Financial and Zions Bancorporation showing gains.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.