Thu, Aug 18, 2022 7:00 PM
Dollar holds its gains as Fed set for lengthy inflation fight
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New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington.
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By Michael S. DerbyNEW YORK (Reuters) - New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now."I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington."We have a strong econom...
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Shares of automotive and industrials parts maker Genuine Parts (NYSE: GPC) jumped on Thursday even though it's normally a sleepy stock. The company reported financial results for the first quarter of 2024 and raised its full-year profit guidance, which is why Genuine Parts stock was up 12% as of 11 a.m. ET. Investor confidence is on the riseIn Q1.
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