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White House National Economic Council Director Hassett: I will not comment on the Federal Reserve's interest rate policy.

2026-05-11

White House National Economic Council Director Hassett: I will not comment on the Federal Reserve's interest rate policy.

Other News
2026-05-12

Ed Yardeni raised his year-end 2026 target for the S&P 500 to 8,250 from 7,700, implying nearly 12% upside from Friday’s close. The Yardeni Research chief investment strategist cited stronger-than-expected first-quarter earnings and increased his ear

Ed Yardeni raised his year-end 2026 target for the S&P 500 to 8,250 from 7,700, implying nearly 12% upside from Friday’s close. The Yardeni Research chief investment strategist cited stronger-than-expected first-quarter earnings and increased his earnings-per-share estimates to $330 for 2026 and $375 for 2027. Yardeni said consensus earnings forecasts have “rocketed above our targets,” driving an “earnings-led meltup” in equities. HSBC and CFRA Research also lifted their S&P 500 targets, though analysts warned elevated valuations and Middle East tensions remain risks to the rally.
2026-05-12

The U.S. Department of Energy stated that the company lent 53.33 million barrels of crude oil from the Strategic Petroleum Reserve, bringing the total amount provided for lending to 92.5 million barrels.

The U.S. Department of Energy stated that the company lent 53.33 million barrels of crude oil from the Strategic Petroleum Reserve, bringing the total amount provided for lending to 92.5 million barrels.
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