Wall Street gains on Amazon boost but rate caution tempers enthusiasm
World 12:30 01/11/2025Wall Street's main stock indexes closed higher on Friday, with their biggest boost coming from Amazon's upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.
Fed sees rising risks to economy as it leaves rates unchanged
World 18:34 08/05/2025The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of President Donald Trump's tariffs.