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The Latest Breaking News from Jerome Powell

Jump In Jobless Claims, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 Rises

The key Federal Reserve inflation rate got great news from May's consumer price index, but producer price index data fills out the picture.

Investors Business Daily

US producer prices slide as inflationary pressures ease; UK housing market weakens – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian Stocks Build On Wall St Records After US Inflation Data

Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year.

International Business Times

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Fed officials' new interest rate outlook may roil stocks

Stocks are starting to look pricey.

The Street

Dow Jones Futures Fall After Fed Shift; Elon Musk Expects To Win Pay Vote, Broadcom Soars

Futures were mixed a day after the Fed's hawkish shift. Broadcom jumped on earnings. Tesla soared as Elon Musk said he expects to win the Tesla pay vote.

Investors Business Daily

The Fed just penciled in only one interest rate cut this year—but officials are divided on policy

While seven Fed officials are projecting one rate cut this year, four see no cuts, and eight see two cuts in a sign of a divided central bank.

Fortune

Fed Holds Rates Steady, Sees Just One Cut This Year: What the Experts Are Saying

The Federal Reserve kept interest rates unchanged and penciled in one quarter-point cut in 2024.

Kiplinger

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US Labor Market Showing Signs Of Recovery, Says Fed Chair

Federal Reserve Chair Powell expresses cautious optimism about US labor market recovery, highlighting positive trends and ongoing monitoring for stability.

Top News

Federal Reserve updates timing of first interest rate cut

The Federal Reserve noted 'modest' progress in fighting inflation.

The Street

Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool

Instead of cutting rates, central bank keeps them between 5.25% and 5.5%, where they have been for nearly a year

The Guardian - US

Fed Slow-Walks Rate Cuts As Powell Reveals This Worry, But CPI Saves S&P 500

The Federal Reserve signaled just one rate cut this year, but a tame CPI reading lifted the S&P 500 to a new record.

Investors Business Daily

May CPI Report Comes in Soft: What the Experts Are Saying About Inflation

A slowdown in inflation keeps the Fed on track for rate cuts later this year.

Kiplinger

Stocks Close Mostly Higher As S&P, Nasdaq End At All-Time Highs; Investors Weigh Fed Rate-Cut Forecast (Live Coverage)

Major stock indexes ended the day mixed after May CPI data and the Federal Reserve's interest rate policy decision to leave rates unchanged.

Investors Business Daily

Investors celebrate as an ‘unequivocally good’ inflation report opens the door for Powell to cut rates this fall

Fitch Ratings’ head of U.S. economic research called the CPI report “a delightful appetizer while we await the main course.”

Fortune

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Barchart

Stock Index Futures Soar After CPI Report Shows Inflation is Slowing

June S&P 500 E-Mini futures (ESM24) are up +0.89%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.92% this morning after the Consumer Price report for May was released.

Investors Business Daily

Cool CPI Inflation Boosts Fed Rate-Cut Odds; S&P 500 Jumps On Tame Service Prices

Consumer price index inflation data for May was unexpectedly tame, sending the S&P 500 to a new intraday record ahead of today's big Fed meeting.

Investors Business Daily

Dow Jones Rallies On Cool CPI Data, Powell Next; GameStop Raises $2.1 Billion

Stock Market Today: The Dow Jones rallied on cool CPI data, with Fed Chair Powell next. GameStop stock dropped after raising $2.1 billion.

Top News

Federal Reserve Likely To Downgrade Outlook For Interest Rate Cuts

Federal Reserve likely to lower rate cut projections due to high inflation, impacting borrowing costs and economic outlook.

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The Street

Fed rate cut bets face another CPI test as Powell seeks patience

Fed officials will have a fresh inflation report to work from when they publish new rate projections Wednesday.

Barchart

Stock Index Futures Inch Higher as Investors Await U.S. Inflation Data and Fed Rate Decision

June S&P 500 E-Mini futures (ESM24) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.15% this morning as investors awaited a crucial U.S. inflation reading and the Federal Reserve’s interest rate decision.

Barchart

Stock Index Futures Tread Water as Investors Await U.S. Inflation Data and Fed Rate Decision

June S&P 500 E-Mini futures (ESM24) are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.13% this morning as market participants refrained from making any big bets ahead of a crucial U.S. inflation reading and the Federal Reserve’s interest rate decision.

International Business Times

US Inflation Data Unlikely To Alter Fed Plans To Hold Rates Steady

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

The Independent UK

Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation

Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level well above their 2% target, they are downgrading their outlook for interest rate cuts

The Independent UK

Inflation may have cooled in May, but Federal Reserve is seeking sustained improvement

Less-expensive gas likely slowed U.S. consumer inflation in May

International Business Times

Asian Markets Stutter As Investors Fret Ahead Of US Releases

Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.

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