U.S. stocks are up firmly in positive territory Tuesday afternoon and look well on course to end the day's session on a firm note.Investors, looking ahead to the Federal Reserve's monetary policy announcement, due on Wednesday, are digesting a slew of economic data and corporate earnings updates.Data showing a drop in labor costs has reinforced the view that the central bank will likely slow the p...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.