NRLPA:OCAP

Fed's aggressive rate-hike path bolstered by new inflation, wage data

Fed’s aggressive rate-hike path bolstered by new inflation, wage data

Jul 29 (Reuters) – Federal Reserve Chairman Jerome Powell said this week that he is looking for convincing signs that inflation is cooling before the U.S. central bank decides. In data released on Friday, he largely found the opposite. Inflation in the Fed’s preferred measure, the personal consumption expenditures price index, jumped 6.8% in June, …

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U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

High prices and margins lead large companies to the best quarters in history Exxon profits top previous record set in 2012 Jul 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), reported record revenue on Friday, boosted by rising oil prices. crude oil and natural gas and …

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