The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced back from its recent weakness in a holiday-shortened trading week, with all major indexes trading higher.
Big U.S. banks' strong capital levels equip them to continue lending to households and businesses during a severe recession, the Federal Reserve has revealed.
The Federal Reserve has taken some heat for moving too slow to cool inflation.
Fed Chair Jerome Powell looked back on what went wrong Thursday during the second day of a congressionally mandated semiannual report on monetary policy.