Tech stocks, which have powered the broader market to fourth consecutive record closing highs, took a breather as traders booked profits on Amazon (AMZN), Apple (AAPL) — which have surged to new records. Facebook (FB), and Alphabet (GOOG, GOOGL) have also posted their highest-ever closing levels. Although the Nasdaq snapped a […]
Powells
Powell unveiled a new framework of thinking for the central bank that will tolerate inflation “moderately” above its 2% target. The Fed also committed to reviewing this policy every five years. The Fed chief warned that the persistence of low inflation over the last eight years risks new economic difficulties. “Many find […]