The Latest Breaking News from Jay Powell

More job losses across the economy are necessary to break the ongoing wage-price spiral, a danger the bricks-and-mortar employer itself is risking with its recent pay hike.

Hopes for a Fed pivot are premature, as Jay Powell has not succeeded yet in anchoring inflation expectations.

Older Americans aren’t returning to the workforce, and that has major implications for inflation and the U.S. economy long term.

The Federal Reserve chairman has sworn to fight runaway price increases, but Powell's critics fear he’ll cave in to political pressure before he wins the battle.

The celebrated ARK Invest founder warns the Fed is moving too quickly this year.

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Amid conflicting economic signals and with midterms looming, the US central bank weighs a critical decision over interest rates

The SPDR S&P 500 (ARCA:SPY) is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level. 

The NZX50 records its first weekly ‘three-peat’ in a year, notching up a third consecutive week of gains to close at a 3-month high