The Latest Breaking News from Powell

On Wednesday, the Federal Reserve is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers work to combat high inflation.

The S&P 500 traded lower for the third week in a row as investors brace for a potential 0.5% interest rate hike by the Federal Reserve.

I was a mere child in the 1970's, but as a student of history I have learned about the difficulties for the public and the economy during that decade.  Long gas lines, extremely high inflation, high unemployment were just the most visible problems. During the Ford Administration, buttons were passed…

Miranda Quigley, 54, and her husband moved into a one-bed one-bathroom flat in the Barbican in September, leaving behind their Hertfordshire family home - which boasts stunning features including a swimming pool and massive garden

The entire council, some 51 seats, is set to be elected in an 'all out' poll on May 5

U.S. indices finished higher Tuesday amid strength in Nike Inc (NYSE: NKE) following third-quarter earnings. Investors also weighed Monday comments from Fed chair Powell suggesting the Fed would take necessary steps to curb inflation.

Financial stocks led the upside as bond yields continued rising to new highs. The indexes cleared key moving averages.

Dow Jones futures were higher Tuesday after Monday's stock market fall. Fed Chief Powell said that inflation is too high.

Fed Chairman Jerome Powell has managed to keep an impatient market waiting for the first Fed rate hike since 2018, but executing a 'soft landing' for the world's biggest economy may prove to be far more difficult.