U.S. equities drifted lower into midday Tuesday with the S&P 500 and Nasdaq 100 easing from near record highs set earlier in the session, as a fresh surge in crude oil prices and rising Treasury yields tempered the April rally. • State Street Energy Select Sector SPDR ETF shares are advancing steadily. Why are XLE shares climbing? Pakistan's information minister said a formal response from Iran confirming whether it will send a delegation to the Islamabad peace talks was still awaited as of midday, leaving ...

The Fed missed its mark and we are still dealing with the legacy of the policy errors in 2021 and 2022. That means a regime change in the conduct of policy. I think that means a different new inflation framework presents want lower rates. But Fed independence up to the Fed's independence has to be earned, and it's earned by delivering on the promises, the commitments that the Fed has made. The President never asked me to predetermine, commit, fix, decide on any interest rate decision. No, I'm honored the pr ...