The Latest Breaking News from Jerome Powell

The Federal Reserve's November meeting post-election raises concerns about political influence on monetary policy decisions.

The Dow Jones rose Thursday ahead of the Fed's interest rate decision and Fed Chair Jerome Powell's comments. Shares of Trump Media plunged.

Thursday's Federal Reserve meeting will bring another rate cut, but Donald Trump's election altered the outlook for further cuts. The S&P 500 and Treasury yields are jumping.

RFK Jr and Elon Musk could be two additions to a potential Trump administration, with the former saying he has been "promised" control of America's healthcare.

Eyes will also be on the Federal Reserve's policy decision on Thursday, with expectations for another cut, while the post-meeting statement from bank boss Jerome Powell will be pored over for an idea about its plans for 2025.

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Asian markets fluctuated Tuesday as traders jockeyed for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on a knife-edge as the two candidates wrapped up their campaigns.

Federal Reserve plans to cut interest rates due to cooling inflation, not election uncertainty. Powell emphasizes Fed's independence.

December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…