The Latest Breaking News from Jerome Powell

Policymakers aren't waiting for September's CPI inflation data to walk back hawkish guidance after the 10-year Treasury yield surged.

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

December S&P 500 futures (ESZ23) are down -0.21%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.06% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after…

Stocks will struggle to shake-off the concerns that triggered a big third quarter decline, with Treasury yields back on the march following a temporary deal to avert a government shutdown in Washington.

December S&P 500 futures (ESZ23) are down -0.05%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.20% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after…

December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.24% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after…

Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. "It's really reckless and will impose immediate harm," Yellen told NPR.

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

Stocks edge higher, jobs data up next, Peloton, Micron, Nike

Stocks are set for a firmer open on Wall Street as Treasury yields steady following key jobs and GDP data and a speech later today from Fed Chair Jerome Powell.

The Fed's key inflation rate likely cooled further last month. That may stem the rise in the 10-year Treasury yield and lift the S&P 500.