Brisbane Times
·general
·1 hour ago
Senate confirms Kevin Warsh as Fed chair in narrowest vote ever
Wall Street's S&P 500 rose 0.8 percent Wednesday as technology stocks rebounded, while the ASX is set to fall 0.5 percent at open. The Senate narrowly confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote, the slimmest margin ever for the position. Wholesale inflation exceeded expectations, dimming rate-cut hopes and pushing oil prices up amid Iran tensions.
Summary by Glance · Brisbane Times
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