The Latest Breaking News from Jerome Powell

Workers ages 50–54 are experiencing negative real income growth, year over year, so reality bites for Gen Xers in the 2025 economy, too.

Concerns are growing in the U.S. about a K-shaped economy, where wealthier households continue to earn and spend more, while lower-income groups struggle to keep up.

US equities notched record gains in October amid the artificial intelligence-led bull run, interest rate cuts and easing trade tensions between Washington and Beijing. The SP 500 hit the 6,900 mark on an intraday basis for the first time on Oct. 28, while the Dow Jones Industrial Average logged its…

One plausible result of December's vote would create a stunning irony.

Market volatility made a sharp comeback Thursday, with the CBOE Volatility Index – commonly called the VIX or Wall Street's fear gauge – closing 11.4% higher to 26.3 levels, as concerns around overheated tech valuations and uncertain monetary policy rattled investor sentiment.

Gold, bitcoin, and US stocks plunged on fading hopes for a December rate cut.

Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs.

The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term expires in May.

It’s looking increasingly likely that Jerome Powell’s Christmas gift to markets will be an economic lump of coal, rather than what’s on Wall Street’s wish list.