The Latest Breaking News from Jerome Powell

Hawkish Fed bets, weakening global growth prospects and a dearth of currency options is keeping the dollar within touching distance of it recent two-decade highs.

THE price of oil surged back over $100 a barrel mark today adding to concerns about the cost of living crisis ahead of likely forecourt fuel hikes.

U.S. Federal Reserve Chair Jerome Powell will be center stage on Friday at the Jackson Hole Symposium, an annual economic summit that takes place in Jackson Hole, Wyoming.

The Nasdaq composite had risen 0.8% earlier and is now down to a 0.2% gain.

The Dow Jones Industrial Average fell Tuesday, adding to Monday's stock market plunge. Zoom Video stock dived on earnings.

Asian markets fell again Tuesday and the dollar held gains as traders grow increasingly worried that the Federal Reserve will continue to ramp up interest rates to fight inflation. With the Jackson Hole symposium of central bankers and finance chiefs taking place this week, the focus is on what Fed…

Hong Kong's benchmark stock index opened lower on Tuesday morning, tracking a weak finish overnight on Wall Street on the back of rate-hike fears, as investors looked toward U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Summit later this week.

The Australian share market has wiped out all of its gains for the month, on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.

While stocks have rebounded in recent weeks, a key signal suggests where markets are headed next.