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10 May 2024
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May 10, 2024
Fed's Goolsbee: Housing remains a significant inflation challenge
Further comments from Chicago Federal Reserve (Fed) President Austan Goolsbee highlighted the Fed's ongoing battle with stubborn inflation that refuses to cool off to the US central bank's 2% target.
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May 10, 2024
Dow Jones Industrial Average finds thin gains despite declining consumer sentiment
The Dow Jones Industrial Average (DJIA) gained around a hundred points on Friday as equities try to shake off a decline in the University of Michigan’s Consumer Sentiment Index which showed US consumers are increasingly concerned about long-run inflation taking hold.
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