The Latest Breaking News from Lorie Logan

Policymakers aren't waiting for September's CPI inflation data to walk back hawkish guidance after the 10-year Treasury yield surged.

December S&P 500 futures (ESZ23) are up +0.20%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.26% this morning as comments from Fed officials bolstered bets that the U.S. central bank may stand pat until year-end, while investors continued to evaluate the potential impact of the Israel-Hamas conflict.

December S&P 500 futures (ESZ23) are up +0.20%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.26% this morning as comments from Fed officials bolstered bets that the U.S. central bank may stand pat until year-end, while investors continued to evaluate the potential impact of the Israel-Hamas conflict.

The Dow Jones rallied as investors shook off geopolitical worries. Janet Yellen made an oil price pledge. Some Warren Buffett stocks popped.

Two Federal Reserve officials suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the Fed

When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

June S&P 500 futures (ESM23) are trending up +0.18% this morning as market participants weighed the latest updates on negotiations in Washington to reach a debt-ceiling deal while awaiting a key speech from Fed Chair Jerome Powell.

Asian shares are mostly higher as hopes grow that the U.S. Congress will reach a deal to avoid a default on the nation’s debt

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

In recent months, whenever expectations leaned toward higher rates, stocks and bonds have fallen.