The Latest Breaking News from Jerome Powell

Despite the continuing market correction, the Fed is largely optimistic about a resilient U.S. economy and a rebound in the coming quarters. So, quality tech stocks Playtika (PLTK), Genpact (G), and VMware (VMW) could be solid bets now. They are rated Strong Buys in our proprietary rating system. Read on.

The Nasdaq fell 4.99 per cent to finish at 12,317.69, its lowest closing level since November 2020

Now that the Federal Reserve has polished up its inflation-fighting credentials, has consumer inflation topped out?

The ASX plunges by nearly $60 billion after Wall Street stocks plummet, as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time.

Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

Plus: The push to abolish the Senate, Feds hike interest rates by 0.5 percent, and more...

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.