Market Updates
Retailers Earnings Power Wall Street Rebound
Barry Adams
22 Nov, 2022
New York City
Benchmark indexes on Wall Street traded higher after investors reacted to a slew of corporate earnings and reviewed more comments from the Federal Reserve officials.
Cleveland Federal Reserve President Loretta Mester was the latest to pour cold water on the talks of Fed pausing rates but sounded more supportive of rate hike by at least 50 basis points.
Mester added in an interview with CNBC on Monday that recent inflation data show signs of hope but supportive data over a longer period of time are needed before "we are returning to price stability as soon as we can..
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