Minneapolis Fed President Neel Kashkari stated that inflation remains a concern even though August's core personal consumption expenditures price index came in lower than expected at 3% annually. He emphasized that inflation has been elevated for over five years and the recent data did not change his view. Kashkari also noted the economy is resilient based on other economic indicators. The Fed recently raised interest rates for the first time in three years and hinted at possible further hikes to control inflation.
Minneapolis Fed President Neel Kashkari's comments on inflation come as 85 Financials-sector US stocks on Pluang show a breadth of 14 rising and 71 falling. For readers following this sector, here is Pluang's market snapshot as of Oct 01, 2026 05:01 WIB: PayPal Holdings, Inc. (PYPL) traded at USD 52.51 with a 1-day change of -2.56% and a typical hold time of 105 days, showing 71% sell order activity; Morgan Stanley (MS) was priced at USD 188.30, down 2.35%, with 93% buy order activity and a 95-day hold time; Western Union Co (WU) traded at USD 5.98, down 2.29%, with 100% buy order activity and a 95-day hold time.
President Donald Trump is reconsidering a ban on diesel exports amid record-high diesel prices caused by conflicts in Iran and Ukraine. While his aides believe the ban could lower diesel prices, Trump expressed concern it might increase gasoline pric...
OpenText Corporation announced the pricing and results of its $300 million tender offer to buy back its 3.875% Senior Notes due 2028. The company received valid tenders exceeding the maximum amount and will accept $300 million worth of bonds, paying ...
The Vanguard Dividend Appreciation ETF (VIG) excludes Meta and Alphabet from its holdings until at least 2035 because its underlying index requires companies to have 10 consecutive years of dividend increases. Although both Meta and Alphabet started ...
Micron Technology reported Q4 FY2026 revenue of $54.23 billion and adjusted EPS of $33.42, surpassing expectations. The company provided an optimistic Q1 FY2027 outlook with a revenue midpoint of $61.5 billion and adjusted EPS midpoint of $38.15, alt...
Loans backed by Bitcoin and stablecoins have become eligible within Fannie Mae's mortgage framework through administrative decisions rather than market-driven validation. This development is significant as it represents a major step for crypto credit...
