The Latest Breaking News from Jerome Powell

U.S. inflation shows a modest increase, potentially leading to a Fed interest rate cut. Consumer spending remains strong, but savings decline, impacting fu...

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

With the Fed expected to cut rates at the September meeting, Ford looks like a good stock to buy with its over 5% dividend yield.

Bitcoin price falls below $60,000 after spiking on Fed Chair Powell's Friday speech. Nvidia to report, influencing stocks and cryptos.

A string of supportive data in recent weeks and comments from top Federal Reserve officials have helped push equities higher in August after starting the month in turmoil on fears of a US recession.

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what’s going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday.

Mary Daly said the "most likely" outlook involves continued gradual declines in inflation alongside steady and sustainable job growth.

Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions.

Investors will increasingly focus on upcoming economic data to gauge soft landing odds that have helped drive stock performance in 2024. Given an evolving macroeconomic landscape, it could be wise to invest in under-the-radar socks Workday (WDAY), CrowdStrike (CRWD), and Novavax (NVAX), which could be tomorrow’s blue chips. Read more.