The Latest Breaking News from Jerome Powell

US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward.

December S&P 500 E-Mini futures (ESZ25) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.06% this morning as investors remain on the sidelines ahead of a speech from Federal Reserve Chair Jerome Powell and U.S. business activity data.

December S&P 500 E-Mini futures (ESZ25) are down -0.30%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.35% this morning, pointing to a slightly lower open on Wall Street as investors look for fresh catalysts to drive equities already trading at record highs.

U.S. stock futures fell on Monday following Friday’s positive moves. Futures of major benchmark indices were lower.

According to economist Justin Wolfers, Federal Reserve Chair Jerome Powell is stuck in a policy dilemma created by the trade and tariff policies of President Donald Trump.

The S&P 500 is now up 13% year to date and the Nasdaq is up 17%. Meanwhile, the DAX stock market index in Germany is up 19% so far this year.

In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. This problem seems to be uniquely American, stemming from a “no hire, no fire” economy, rather than the advent of artificial intelligence (AI).

Markets enter a post-Fed recalibration week as investors digest Wednesday's rate cut decision and begin focusing on the sustainability of recent market leadership amid concerning technical signals.

"The U.S. labor market experience is peculiar," UBS' Paul Donovan wrote in a UBS note asking, "the kids are alright?"