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Fed Independence Questioned Again — Will CPI Fuel Gold’s Record Run?
U.S. equities closed at fresh record highs on Monday, with both the S&P 500 and the Dow Jones Industrial Average notching new all-time closing levels. Gains were led by technology stocks and retailer Walmart, as investors largely shrugged off concerns surrounding a U.S. Department of Justice criminal investigation into Federal Reserve Chair Jerome Powell. The Dow rose 0.17%, the S&P 500 gained 0.16%, and the Nasdaq advanced 0.26%. The U.S. dollar weakened, as reports of the Justice Department’s criminal probe into Fed Chair Powell reignited concerns over the Federal Reserve’s independence and the ... (full story)