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The Latest Breaking News from Jerome Powell

Federal Reserve Likely To Downgrade Outlook For Interest Rate Cuts

Federal Reserve likely to lower rate cut projections due to high inflation, impacting borrowing costs and economic outlook.

Top News

Fed rate cut bets face another CPI test as Powell seeks patience

Fed officials will have a fresh inflation report to work from when they publish new rate projections Wednesday.

The Street

Stock Index Futures Inch Higher as Investors Await U.S. Inflation Data and Fed Rate Decision

June S&P 500 E-Mini futures (ESM24) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.15% this morning as investors awaited a crucial U.S. inflation reading and the Federal Reserve’s interest rate decision.

Barchart

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Stock Index Futures Tread Water as Investors Await U.S. Inflation Data and Fed Rate Decision

June S&P 500 E-Mini futures (ESM24) are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.13% this morning as market participants refrained from making any big bets ahead of a crucial U.S. inflation reading and the Federal Reserve’s interest rate decision.

Barchart

US Inflation Data Unlikely To Alter Fed Plans To Hold Rates Steady

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

International Business Times

Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation

Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level well above their 2% target, they are downgrading their outlook for interest rate cuts

The Independent UK

Inflation may have cooled in May, but Federal Reserve is seeking sustained improvement

Less-expensive gas likely slowed U.S. consumer inflation in May

The Independent UK

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Asian Markets Stutter As Investors Fret Ahead Of US Releases

Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.

International Business Times

Dow Jones Futures Rise With Federal Reserve, CPI Inflation Due; EU Hikes Tariffs On Chinese EVs

The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs.

Investors Business Daily

The CPI Just Changed Today's Fed Meeting Script As S&P 500 Hits New Record

Will today's Federal Reserve meeting and Chair Jerome Powell endorse Wall Street's celebratory mood after a tame CPI report boosted the S&P 500 to a new record?

Investors Business Daily

Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

The Independent UK

US Fed Likely To Remain On Pause And Pare Back Rate Cut Expectations

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

International Business Times

Dow Jones Futures Fall; Apple AI Push, Fed Rate Outlook Lead 8 Big Market Events

The stock market is at highs with Apple's AI push, the Fed rate "dot-plot" and the Tesla shareholder meeting headlining key events and news.

Investors Business Daily

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Fortune

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Top News

US Unemployment Rate Hits 4%, Fed Not Concerned

US jobs report reveals 4% unemployment rate, surprising economists. Federal Reserve Chair Powell downplays impact on monetary policy.

International Business Times

Asian Markets Swing As Traders Eye Major US Jobs Report

Asian markets fluctuated Friday and investors trod cautiously ahead of US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the bank's next policy decision looming next week.

Fortune

Real estate billionaire Barry Sternlicht says rents will rise in two years—and it’s Jerome Powell’s fault

“This is my problem with Powell,” Sternlicht said. “His policy has now crushed multifamily starts; we need houses.”

Fortune

Jerome Powell could spark a serious stock market surge—even without cutting rates, Wall Street guru Ed Yardeni says

Yardeni already sees a 20% chance of a “melt-up” for the stock market, but if Powell “sings a dovish tune," he promised to raise those odds.

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Salon

Wall Street's role in climate change

Many big banks try to present a green image, but the largest banks in the world are the ones abetting polluters

Fortune

Jerome Powell's Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns

"You can call this the Fed Cut Reflexivity Paradox: The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease, making it more difficult for the Fed to cut."

The Street

The Fed doesn't want to talk about stagflation. It might not have a choice.

Fed Chairman Powell says he doesn't see stagflation risks. Not everyone agrees.

Fortune

Apollo's chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’

Yet Federal Reserve Bank of Minneapolis President Neel Kashkari recently refused to rule out interest rate hikes.

The Independent UK

Cleveland Fed names former Goldman Sachs executive Beth Hammack to succeed Mester as president

The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21

The Independent UK

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

The Street

Goldman Sachs shifts interest-rate outlook ahead of key inflation report

The April PCE price index is scheduled for Friday.

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