The Latest Breaking News from Jerome Powell

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the worst has passed or is yet to come.

The June Fed meeting was a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates and the economy.

Cutting rates will redistribute wealth upward again, which is not ideal at a time of social friction.

June S&P 500 E-Mini futures (ESM25) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.01% this morning, pointing to a muted open on Wall Street as investors turn their attention to talks between the U.S. and China in London, and also await the release of key…

Powell remains 'unbelievable.'

European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump’s trade wars

During the 1966-1976 Cultural Revolution, Mao Zedong pushed for the closure of Chinese universities, seeing higher education as little more than a breeding ground for counterrevolutionary bourgeois intellectuals. After closing for a period, China’s universities reopened on a limited basis from 1970, with selection criteria based on class background, revolutionary…

Asian shares are trading mixed, as Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy