Federal Reserve Chair Jerome Powell suggested that the bank is willing to stop interest-rate increases next month, and said tighter credit conditions could mean the peak in policy will be lower. He said, “having come this far we can afford to look at the data and the evolving outlook to make careful assessments.”
US stocks today: US stocks rise as energy costs weigh on Fed rate decision; Dow ends 55 points higher
US stock markets saw gains as Wall Street closed higher. Travel stocks like Delta Air Lines and American Airlines Group rebounded. The Federal Reserve commenced