The Latest Breaking News from Jerome Powell

Raising rates has no effect when the things that are rising in price the fastest, such as fuel and food, are essential purchases

The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a three-week losing streak this week as the latest commentary from Federal Reserve Chair Jerome Powell suggests the Fed will continue to aggressively combat inflation.

The S&P 500 closed up 0.66% on Thursday after opening lower in reaction to U.S. Federal Reserve Chair Jerome Powell's speech at the Cato Institute Monetary Conference.

Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The more confident mood was reflected in a dip in the dollar, which has surged in recent weeks to multi-decade highs against its major peers…

Asian benchmarks are rising, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise

Ethereum’s gains were higher than Bitcoin’s, even as the two coins remained largely flat on Thursday evening, with the global cryptocurrency market cap rising 0.7% to $983.3 billion at 8:20 p.m. EDT.

The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment

Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation

Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade after recording gains on Wednesday. The Dow Jones jumped more than 400 points, while the Nasdaq Composite climbed over 2% in the previous session.

With the recent market pullback in the aftermath of Jerome Powell’s speech at Jackson Hole, investors may be tempted to go bottom fishing. However, a rising interest rate environment may not be welcome news for developmental and fund-thirsty businesses with negative cash flows. Thus, given a foreseeably bleak outlook, it…

Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.