The Latest Breaking News from Jeff Schmid

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.25%. December E-mini S&P futures (ESZ25 ) are up +0.13%, and December E-mini Nasdaq futures...

December S&P 500 E-Mini futures (ESZ25) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.01% this morning, taking a breather after hitting fresh records in the prior session, while the deadlock between Republicans and Democrats in Washington continues.

September S&P 500 E-Mini futures (ESU25) are trending up +0.24% this morning, extending yesterday’s gains as growing expectations for Federal Reserve interest rate cuts fueled risk-on sentiment.

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts.What Happened: “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid…

June S&P 500 E-Mini futures (ESM25) are trending up +0.45% this morning on signs that the heated dispute between U.S. President Donald Trump and Tesla CEO Elon Musk may ease, while investors await the all-important U.S. payrolls report.

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step for now.

If inflation continues to decline, Schmid said, he would grow more confident that the Fed is on track to achieve its price stability mandate.

Communicating quickly to try and retain the best clients is a pivotal move.

The nature of deposits and client behaviors have changed dramatically in the past decade, says a former bank examiner at the FDIC.