The Latest Breaking News from Jerome Powell

Federal Reserve's rate cut decision faces scrutiny amid strong job market data and economic complexities.

Economists discuss potential recession, Federal Reserve's response, and Powell's optimism in the current economic climate.

Friday's jobs report looks like a game-changer for Federal Reserve rate cuts and the U.S. economy, but maybe not for the S&P 500, which is near a record high.

Speeches by Federal Reserve suggest where the central bank is headed.

The ADP jobs report has mirrored the hiring slowdown seen in official data, which led to last month's big Fed rate cut, lifting the S&P 500 to new highs.

Gov. Tim Walz and Federal Reserve Chair Jerome Powell discuss the urgent need for affordable housing in the US.

"By early 2025 only the most pessimistic investors will need rose-colored glasses to see a clear path to a Roaring ’20s outcome," a UBS analyst says.

December S&P 500 E-Mini futures (ESZ24) are down -0.13%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.06% this morning as investors awaited the latest reading on U.S. job openings, comments from Federal Reserve officials, and an earnings report from the world’s largest shoemaker Nike.

Asian shares are mixed, with Japan's Nikkei 225 index regaining some of its sharp losses from a day earlier

Tokyo stocks rose Tuesday, recovering some of the losses suffered in the previous day's rout, as the yen weakened against the dollar, while most other Asian markets started the day on a positive note following another record on Wall Street.

The ASX200 dropped 0.7 per cent, snapping a three-day win streak after Fed chairman Jerome Powell said the US central bank was in no rush to cut interest rates.