The Latest Breaking News from Jerome Powell

Stock futures edge higher ahead of Thanksgiving break; Fed minutes in focus as inflation messaging begins to fray; HP gains on cost cut plans, solid Q4 earnings; Nordstrom slumps after lowering profit outlook after Q3 earnings beat and Manchester United surges as Glazer family explores sales of famous football club.

The question isn’t if U.S. home prices will fall, it’s how far will prices fall.

The Fed doesn’t appear to understand the ramifications of what they’re doing,” Sternlicht said.

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

“We’ve still got a ways to go,” warned Federal Reserve Governor Christopher Waller.

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Pound surges and stock markets rebound as US consumer price index drops from 8.2% to 7.7% in October

The SPDR S&P 500 (NYSE: SPY) is moving higher Thursday morning after the Labor Department reported a 7.7% year-over-year increase in the consumer price index for October.

The Fed’s aggressive monetary policy stance is expected to fuel a recession next year. While the stock market is expected to remain under pressure in the upcoming months, the recession could have long-term consequences for fixed-income securities, precious metals, and companies working on disruptive innovations. Therefore, long-term investors should avoid…

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.