The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …

Francisco Blanch, Bank of America head of global commodities and derivatives research, told CNBC in a discussion on how much the energy sector is playing into the inflation story, why prices are elevated and how prices will look this holiday season.Blanch pointed out that surging energy prices in oil and …

62 percent of Americans hold Joe Biden as responsible for increasing inflation and believe the country is economically on the wrong track.A new poll released Wednesday said that Biden’s policies are responsible for inflation, which has hit its highest rate in 13 years.Morning Consult/Politico poll found that 18 percent believe …

EUR/USD erased daily losses amid a decline of the dollar. EUR/USD pair is modestly rising after a rebound from 1.1615. During the American session, the pair climbed to 1.1651, slightly below the registered daily highs. On Wednesday, the U. S. dollar fell across the board amid risk appetite across financial …

China’s power crisis has already impacted the domestic economy and raised concerns about winter’s cold weather which has started early in some provincesThermal coal futures have surged but senior officials keep promising to increase coal production and push energy prices lower. Beijing has stepped up its control over the nation’s …

The analysis on “The Eurodollar Curve” conducted by Credit Suisse found that “market-implied odds of the Federal Reserve committing a policy mistake have jumped to around 40% from just under 25% two weeks ago”A policy mistake by the U.S. Federal Reserve Bank outranks all the scenarios being priced in by …

U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …

A top Federal Reserve official said he expected elevated inflation pressures to decline without requiring a more aggressive response by the central bank next year.Fed Governor Randal Quarles says he is watching for signs that higher demand will keep prices elevated even after bottlenecks abate, but he warned of growing …

On Wednesday, gold rose for a second day following comments by Federal Reserve Bank official that played down the possibility of imminent rate hikes.Gold gained positive traction for the second successive day and shot to fresh weekly tops, closer to the $1,790 level during the early North American session, meanwhile …

Commercial crude oil inventories in the US fell by 0.4 million barrels in the week ending October 15.The U. S. Energy Information Administration’s weekly report was out on Wednesday. This reading comes in much lower than the market’s expectation for an inventory build of 1.8 million barrels.Crude oil prices tipped …