The Latest Breaking News from Jerome Powell

Stocks finished lower Wednesday ending a five-day win streak.

Stock futures edge lower as inflation worries resurface; Fed minutes in focus as big rate hike bets accelerate; Retail sales on deck as gas prices tumble; Target higher after Walmart surprise lifts Q2 earnings hopes and Bed, Bath & Beyond soars in revived meme-stock rally

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter.

Following last week’s compelling events, including the busiest week of Q2 earnings, latest FOMC meeting and Q2 GDP growth data, crypto finished July strong. Why did we see a huge rally last week?

Few voters may be thinking of Jerome Powell as they go to the polls in November, but all will be coping with economic conditions strongly influenced by Powell's Federal Reserve Board.

Analysis: In spite of high employment and robust hiring, many Americans are pessimistic about the economy

The S&P 500 has climbed 8.5% since June 16 and 4.7% since July 26, loosening financial conditions.

In the month of June, U.S. households faced inflationary pressures not seen since the 1980s, causing consumers to spend more money on fewer goods. What Happened: On Friday, the Bureau of Economic Analysis reported a 1.1% increase in consumer spending, which correlates with the highest consumer price index recorded for…

Two key U.S. inflation gauges posted larger-than-forecast increases on Friday, heightening concerns that prices will remain persistently high and prompt continued aggressive interest-rate increases from the Federal Reserve.