U.S. stock futures edged higher Thursday, ahead of further data on the strength of the economy that central bank officials said they'd be evaluating for...
U.S. stock futures edged higher Thursday, ahead of further data on the strength of the economy that central bank officials said they’d be evaluating for signs on how much further interest rates have to climb.
What’s driving markets Fed... U.S. stock futures edged higher Thursday, ahead of further data on the strength of the economy that central bank officials said they’d be evaluating for signs on how much further interest rates have to climb. What’s driving markets Fed Chair Jerome Powell, as well as his colleagues from around the world, each reinforced their willingness to combat inflation at the European Central Bank annual forum in Sintra, Portugal. Powell largely repeated that same message in Madrid early on Thursday.
All 23 banks passed the Fed’s stress tests that looked at how lenders would fare against a cumulative $541 billion of losses. “The events of the past couple of months would have been much more difficult to manage had the largest banks been undercapitalized or illiquid,” said Powell.
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