The Latest Breaking News from Jerome Powell

London (AFP) - Stocks diverged Thursday after Federal Reserve boss Jerome Powell signalled a moderation in interest rate hikes, as fears over the health of the global economy persist.

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago

Another decline in the Fed's preferred inflation gauge, alongside Chairman Jerome Powell's recent dovish tilt, has stocks ending mixed Thursday.

The Fed's key gauge of core inflation rose less than expected in October as the core inflation rate eased to 5%, but the Dow Jones slipped.

Further slowing in the Fed's preferred inflation gauge is adding heft to Chairman Jerome Powell's signals of smaller rate hikes.

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

London (AFP) - Global stocks mostly rose Thursday as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, while China signalled a softer approach to fighting Covid.

Stock Futures Drift Lower After Powell-Induced Rally; Salesforce Slumps As Co-CEO Steps Down, Clouding Q3 Earnings Beat; Costco Slides After Softer November Sales Data; Five Below Surges After Q3 Earnings Beat, Solid Outlook and GE Sets Date For GE HealthCare Spin-Off