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The Latest Breaking News from Jerome Powell

S&P Futures Tick Lower Ahead of Powell Testimony

September S&P 500 futures (ESU23) are trending down -0.06% this morning after three major U.S. benchmark indices finished the regular session lower as market participants weighed China’s outlook while bracing for Federal Reserve Chairman Jerome Powell’s congressional testimony.

Barchart

Powell To Face Congress Amid Criticism Over Fed’s Policy Stance

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

Zenger

Powell to face Capitol Hill hearing at a time of rising uncertainty over Fed's interest-rate plans

Federal Reserve Chair Jerome Powell will begin two days of hearings before Congress on Wednesday that will likely focus on the question that consumed the central bank last week: How far and how fast will the Fed raise its key interest rate from here

The Independent UK

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Dow Jones Futures Await Fed Chief Powell; Market Rally Resists Pullback As Tesla, Nvidia Run

Bulls resisted a pullback as Tesla and Nvidia kept rising. Some stocks flashed buy signals. FedEx fell overnight on earnings. But Fed chief Jerome Powell looms.

Investors Business Daily

Stock Market Today: Stocks Close Lower Ahead of Powell Testimony

Energy stocks were some of Tuesday's biggest decliners, while Alibaba slid on a C-suite shake-up.

Kiplinger

Powell faces tricky task of explaining rate pause in Congress

Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.

Tribune News Service

Housing Market on Road to Recovery as Fed Rates Near Peak -- but Bumps Remain

Housing starts surged to a 13-month high in May, but the Federal Reserve hasn't finished its rate-hike cycle just yet.

The Street

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Stocks Set to Open Lower as Investors Await Powell Testimony, China’s Rate Cut Disappoints

September S&P 500 futures (ESU23) are down -0.48%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.53% this morning as concerns over the Chinese economy weighed on risk appetite, while investors looked ahead to testimony from Federal Reserve Chair Jerome Powell for more cues on the U.S. central bank’s…

Barchart

Stock Market Today: Nasdaq Nabs Longest Weekly Win Streak Since 2019

A busy week closed out on a quiet note, with the major indexes making relatively modest moves Friday.

Kiplinger

Jim Cramer Has a Hard Left Take on Home Ownership That Needs Some More Context

Cramer is looking to the Federal Reserve for help with U.S. housing.

The Street

2 top economists both hate the Fed’s ‘inexplicable’ and ‘crazy’ signaling on rate hikes—but for totally different reasons

Two top economists agree that inflation is already conquered, and that by continuing the big squeeze, the Fed will likely drive the U.S. into an unnecessary, and possibly steep, recession.

Fortune

Dow Jones Jumps As Market Shrugs Off Powell; Cava Soars On Debut; Goldman Up Despite SVB Probe

The Dow Jones soared as the stock market brushed off Fed Chair Powell. Cava stock exploded on its trading debut. Microsoft stock jumped.

Investors Business Daily

Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed’s Interest Rate Decision

The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected.

Zenger

ECB raises interest rates by quarter of a point to tame inflation

Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growth

The Guardian - UK

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Tribune News Service

Bankrate: What the Fed’s June rate pause means for homebuyers and sellers

The Federal Reserve is taking a break from its war on inflation. After raising rates 10 times in 10 meetings in 2022 and 2023, the central bank made no change during its latest meeting. Fed Chairman Jerome Powell announced no further increase in the federal funds rate on June 14…

The Street

Stocks Slip Lower, Markets Fighting Fed, ECB Rate Decision, Adobe Earnings On Deck, Kroger Merger Progress - 5 Things To Know

Stock futures edge lower following Fed pause, China data; Markets still fighting Fed as Powell says July meeting 'live'; ECB rate decision up next amid recession slip, inflation spike; Adobe earnings will focus on AI potential for cloud software group and Kroger earnings on deck with Albertsons merger progress expected.

Barchart

Stocks Slip Before the Open as Hawkish Fed Outlook Weighs on Sentiment, ECB Decision in Focus

June S&P 500 futures (ESM23) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.57% this morning after three major U.S. benchmark indices finished the regular session mixed as hawkish signals from the Federal Reserve weighed on sentiment, while investors also awaited key U.S. retail sales data.

Axios

The Fed grows confident its Goldilocks economy might come true

The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.

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The Independent UK

Stock market today: Asia shares mixed after Fed holds rates steady and hints of hikes ahead

Asian trading is mixed after the Federal Reserve held interest rates steady

Tribune News Service

Powell says nearly all Fed officials expect ‘some’ additional rate increases

WASHINGTON — Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening at some point to cool inflation.

Bangkok Post

Fed pauses interest rate hikes but signals more tightening ahead

WASHINGTON: The United States Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Investors Business Daily

Dow Jones Futures Fall: Market Rally Resilient After Fed Surprise; Tesla Ends Record Run

The market rally held up, for now, amid a Fed forecast of two more rate hikes. Tesla ended a big win streak. Medical product firms flashed buy signals.

Fortune

Jerome Powell admits that some banks are in trouble with their commercial real estate holdings: 'We do expect that there will be losses'

“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.

Fortune

Fed Chair Powell: The U.S. housing market is 'putting in a bottom'

"We now see housing putting in a bottom, and maybe moving up a bit. We're watching that situation carefully," Powell said on Wednesday.

Kiplinger

Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes

The Fed stood pat on interest rates this time around but the central bank's hawkish outlook made for a volatile afternoon.

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