The Latest Breaking News from Jerome Powell

JPMorgan Chase CEO Jamie Dimon isn't holding out for a drop in the base rate—instead he's making sure his bank won't be left "swimming naked."

Markets are convinced the Fed has ended its historic tightening cycle, with the biggest bets now focused on a rate cut in June.

December S&P 500 futures (ESZ23) are up +0.50%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.70% this morning as market participants weighed the possible peak of the Federal Reserve’s historic tightening campaign and looked ahead to an earnings report from Apple.

Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy

The ASX200 rose 0.9 per cent to close at a 13-day high after US Fed chairman Jerome Powell's dovish remarks.

Techs led futures higher, with Palantir and Roku among the big earnings winners. Fed chief Jerome Powell signaled no more rate hikes, fueling Wednesday's strong market rally.

The Fed chair expressed confidence that inflation, despite some signs of persistence in the most recent monthly data, is still heading lower even as the economy has kept growing.

The Fed elected to go with a "hawkish pause" on interest rates for a second straight meeting.

U.S. stock markets have now closed with losses for three consecutive months to mark their worst losing streak since 2020. However, the outlook for stocks looks relatively better as we head into November.

The Nasdaq added some room above its 200-day moving average.

December S&P 500 futures (ESZ23) are up +0.24%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.19% this morning as market participants geared up for the Federal Reserve’s interest rate decision while also awaiting the release of fresh labor market data.