The Latest Breaking News from Jerome Powell

Federal Reserve Chair Jerome Powell said policymakers expect to deliver a “couple” more interest-rate increases before putting their aggressive tightening campaign on hold, even as they slowed their drive to curb inflation.

Tech futures leapt as Meta spiked on its results, following the Fed's "gratifying" market rally. Apple, Amazon, Google earnings are next.

“Once people realize the Fed’s not cutting rates—there’s no more heroin, so to speak—then we’re going to price the fundamentals, which are clearly deteriorating in our view,” Wilson told CNBC Tuesday.

The chair of the Federal Reserve made an announcement regarding the anticipated interest rate hike after a policy meeting.

"The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time," the Fed said.v

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

Stocks finished higher Wednesday following the Fed's eighth consecutive rate hike that lifted the Fed Funds benchmark to a range of between 4.5% and 4.75%..

Stock futures lower as 2023 rally faces early fed test; Traders bet on smaller rate hikes, see dovish pivot; Meta earnings on deck as mega cap tech rolls up sleeves; AMD shares leap as earnings, outlook steady chip sector nerves and Peloton facing more losses, cost cuts amid fading in-home…

UK annual house price growth slows to 1.1%; investors await US Federal Reserve message on whether it will tighten monetary policy further