Stay informed with free updates on the Federal Reserve’s battle against inflation and more

Federal Reserve Chair Jay Powell’s recent comments on the battle against inflation have sparked interest and concern among investors and economists. Powell expressed doubts about the progress towards the Fed’s inflation target and hinted at a longer timeline for achieving sustainable inflation levels.

Despite the recent uptick in the consumer price index, Powell stated that the central bank is not yet considering increasing interest rates. This stance has raised questions about the potential impact on economic growth and the possibility of stagflation.

Investors are closely watching the results of companies like Apple, Regeneron, and ConocoPhillips, as well as economic data such as the US trade deficit and weekly jobless claims. Additionally, Bank of Canada Governor Tiff Macklem is set to testify about the bank’s economic forecasts.

In other news, a lawsuit will be filed in London’s High Court by black-cab drivers against Uber, and there are developments in the energy sector with Shell shareholders urging action on climate change.

The story also covers a range of other topics, including protests on US university campuses, the successful IPO of cruise operator Viking Holdings, and Embraer’s plans for a new passenger aircraft. The article concludes with a visual story on Ukraine’s naval success and highlights from various industries and regions.

Overall, Powell’s comments and the broader economic landscape provide a compelling narrative for investors and readers interested in financial markets and global economic trends.