Wall Street

Canada Inflation Hits Near 40-Year High

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Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, Oil crushed on recession fears, Gold steadies, Bitcoin tries to hold $20k – OANDA After what might be the worst first six months of the trading year for the S&P 500 since the 1970s, US stocks were ready to turn positive over the slightest hint that the Fed may change their aggressive tightening course. Equities rallied after Powell said the Fed will need to be nimble in responding to incoming data and the evolving outlook. The stock market rally faded as Fed Chair Powell acknowledged that they need to do their job …

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