Federal Reserve (FED) news

The Federal Reserve (FED) is the central banking system in the US. It manages monetary policy to maintain price stability and promote maximum employment. It primarily uses the federal funds rate and open market operations to influence interest rates and the money supply, impacting the US economy and global markets. It also provides forward guidance to shape market expectations.

US Close: ISM shows pricing pressures ease, Jolts show the Great Resignation continues, Fed's dove sees 2 hikes in 2022
It wasn’t much of a rally, but we did get a Santa rally.  The second trading day of the New Year marks the end of the Santa rally and more importantly the latest updates over how quickly global supply constraints are easing, but sadly that might not last due to omicron.  US stocks could not hold onto earlier gains as tech stocks got pummeled over fears that Treasury yields will go much higher.
by Edward Moya
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