EUR/USD
1.17738
-0.092%
Gold
5148.92
-1.519%
Oil
66.062
-0.252%
USD/JPY
155.902
0.800%
GBP/USD
1.34960
0.042%
GBP/JPY
210.392
0.842%
Real-time News
On February 25th, Federal Reserve Chair Janet Collins stated that due to recent economic data showing improvement in the labor market, interest rates may remain unchanged "for some time," but inflation risks persist. Collins noted that the labor market is showing some unusual signs of stabilization. She also pointed out that more evidence is needed that the inflation rate is falling back to around 2%. Currently, interest rates are in a slightly tightening state, perhaps very close to neutral. Federal Reserve Chairman Barkin also participated in the discussion, stating that he still believes there are two-way risks to the Feds mandate. He said, "Nobody wants inflation to stagnate, and nobody wants the labor market to weaken further. We are well-prepared."The API crude oil inventory data for the week ending February 20 will be released in ten minutes.The Dow Jones Industrial Average rose 370.44 points, or 0.76%, to close at 49,174.50 on Tuesday, February 24; the S&P 500 rose 52.32 points, or 0.77%, to close at 6,890.07; and the Nasdaq Composite rose 236.41 points, or 1.04%, to close at 22,863.68.February 25th - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.76%, the S&P 500 up 0.77%, and the Nasdaq Composite up 1.04%. Oracle (ORCL.N) rose 3.4%, AMD (AMD.O) rose 8.7%, Intel (INTC.O) rose nearly 6%, and PayPal (PYPL.O) rose 6.7%. The Nasdaq China Golden Dragon Index closed up 1.37%, with XPeng Motors (XPEV.N) and GDS Holdings (GDS.O) both rising over 6%.Federal Reserves Collins: We are closely monitoring whether high productivity will help lower inflation.
