Barclays said one of the factors why US interest rates are likely to remain high is US (inflation) policy. At the December meeting, some FOMC participants apparently began to reflect expectations of tariffs in their inflation forecasts. Moreover, even among those who have not adjusted their official forecasts, many now believe that the balance of inflation risks is tilted to the upside. Although Powell did not specify...
NVIDIA (NVDA. O) continued to rise, expanding its gains to 5 percent as it reported that the United States was closer to allowing the company to export advanced chips to Saudi Arabia.