The Latest Breaking News from Jerome Powell

Stocks wavered on light volume ahead of a busy week for economic news and corporate earnings.

September S&P 500 E-Mini futures (ESU24) are down -0.06%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.05% this morning as investors looked ahead to the release of U.S. inflation data, Federal Reserve Chair Jerome Powell’s congressional testimony, and the start of the second-quarter earnings season later in the…

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

September S&P 500 E-Mini futures (ESU24) are trending up +0.05% this morning as market participants looked ahead to the release of the Federal Reserve’s June policy meeting minutes while also gearing up for a slew of U.S. economic data to gain insights into the policy outlook.

Eurozone private sector also loses momentum

The ASX200 finished up 0.3 per cent after supportive comments by US Federal Reserve chairman Jerome Powell and better-than-expected domestic retail sales data.

Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.

Federal Reserve Chair Powell discusses progress in combating inflation and cautious approach to interest rate cuts.

The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.