The Latest Breaking News from Jerome Powell

Asian shares are mostly higher ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes

According to the latest Case-Shiller report, U.S. home prices fell another 0.8% in September.

Australian shares have closed higher as the October's consumer price index (CPI) shows inflation is easing.

The question isn’t if U.S. home prices will fall, it’s how far will prices fall.

The Fed doesn’t appear to understand the ramifications of what they’re doing,” Sternlicht said.

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

“We’ve still got a ways to go,” warned Federal Reserve Governor Christopher Waller.

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Pound surges and stock markets rebound as US consumer price index drops from 8.2% to 7.7% in October

The SPDR S&P 500 (NYSE: SPY) is moving higher Thursday morning after the Labor Department reported a 7.7% year-over-year increase in the consumer price index for October.