Apache stock down 6.7% with 59.1% YTD decline, inflation rises, Fed keeps rates near zero

From Nasdaq: 2025-04-16 10:19:00

Wednesday was Apache, trading down 6.7%. Year to date, Apache has seen a 59.1% decline in its stock value.

In other news, the Labor Department reported that consumer prices rose by 0.4% in August, driven by increases in gasoline and housing costs. This marks the largest monthly increase in inflation since June 2009.

Furthermore, the Federal Reserve announced that it will keep interest rates near zero until at least 2023 to support the economy amid the ongoing pandemic. The central bank also revised its economic projections, forecasting a 3.7% decline in GDP for 2020.



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