The Latest Breaking News from David Mericle

Fed Chair Jerome Powell firmly pushed back against market expectations for a December rate cut on Wednesday, cautioning that it's more prudent to slow down when visibility is low—yet his remarks only modestly dented investor optimism, with traders still essentially betting on another move by the end of the year.

“History also suggests that the full consequences of AI for the labor market might not become apparent until a recession hits.”

Goldman Sachs is doubling down on its dovish rate path forecast, saying the Federal Reserve is poised to deliver five interest rate cuts through the end of next year—three in 2025 and two more in 2026—a significantly more aggressive easing cycle than markets are currently pricing in.

President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears—but it still won't be happening any time soon.

Analysts are expecting the FOMC to push back their "normalization" base rate cuts amid economic uncertainty, as Jerome Powell takes a step back from any action despite pressure from Donald Trump.

The economic data is difficult to parse, and that means Powell’s speech has become correspondingly more difficult to foretell.

Wall Street analysts are not waiting to hear the outcome of today's FOMC discussions. Instead, they want after clues about Q3.

With Powell touting “progress” on inflation, the Fed predicted three rate hikes next year—but many on Wall Street see four or even five.

Goldman Sachs forecasts focus on 'insurance cuts' amid economic growth concerns.