‘Risks Are Rising’: Experts React To 7% CPI Inflation, Highest Since 1982
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982.
5 Things You Might Not Know About Fed Chairman Jerome Powell (Including His Lack Of Formal Economic Education)
Since January 2018, Jerome Powell has served as the 16th Chairman of the U.S. Federal Reserve.
Powell has led the Fed during times of inflation and also during the COVID-19 pandemic. He has led the central bank through some of the most volatile economic events in recent history, including the COVID-19 pandemic.
Stocks Rise After Powell Says US Will Likely Remain In ‘Era Of Very Low Interest Rates’
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.2% on Tuesday as Federal Reserve chair Jerome Powell testified in front of the Senate Banking Committee as part of his confirmation process for a second term as Fed Chair.