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Micron and chip stocks lift Wall Street indexes amid Fed rate pause
Micron Technology and other chipmakers boosted Wall Street indexes as investors awaited the Federal Reserve's interest rate decision under Chair Kevin Warsh.
US rate futures increase odds of Fed hike in December after strong jobs report
U.S. rate futures raised the chance of a Federal Reserve rate hike in December following a strong May jobs report that exceeded expectations.
Dollar slips as US signals sanctions waiver on Iran crude
The dollar declined after reports that the US may waive sanctions on Iranian crude, impacting oil prices and global markets amid Middle East tensions.
Fed should drop rate-cut lean because of oil price shock, policymakers say
Federal Reserve officials warn the oil price shock from the U.S.-backed war with Iran challenges the easing bias on interest rates amid rising inflation.
Fed chair nominee Warsh faces economic surprises, Daly says
Fed chair nominee Kevin Warsh may have plans for changes but economic surprises could shape his tenure, says San Francisco Fed President Mary Daly.
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