The Latest Breaking News from Powell

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.70%. US stock indexes Wednesday settled mixed. Stock prices whipsawed higher Wednesday afternoon after bond...

The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. Losses in the dollar accelerated...

School of Rock’s Richard Linklater directs

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.04%. US stock indexes settled mixed, with the S&P 500 falling to a 1-3/4 month...

The dollar index (DXY00 ) Tuesday recovered from early losses and finished up +0.07%. The dollar posted a 5-1/2 month high Tuesday based on hawkish Fed comments. Fed Chair Powell, San Francisco Fed President Daly, and Fed Vice Chair Jefferson said if inflation remains elevated, the Fed will hold interest...

Despite minimal changes in economic indicators, there's a shifting perception regarding the Fed's monetary policy. While Central Banks plans hint at interest rate cuts, uncertainty looms over the timing, both domestically and internationally, especially with fluctuations in investor sentiment influenced by recent employment data. Perhaps the Fed had it right…

The dollar index (DXY00 ) on Thursday fell by -0.10% and posted a 2-week low. The dollar had a negative carryover from Wednesday when Fed Chair Powell stated it would be appropriate for the Fed to cut interest rates “at some point this year.” The dollar fell to its lows...

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. Stocks are higher today on positive carryover from Wednesday when Fed Chair Powell...

The dollar index (DXY00 ) this morning is down by -0.28% at a 2-week low. The dollar has a negative carryover from Wednesday when Fed Chair Powell stated it will be appropriate for the Fed to cut interest rates “at some point this year.” Losses in the dollar accelerated today...