The Latest Breaking News from Jerome Powell

Florida Gov. Ron DeSantis often tells Republican voters on the campaign trail that they should choose him because he is embracing big, bold policy positions that prove he is the presidential candidate most ready to wage an all-out battle on the political left.

WASHINGTON — Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged.

"All participants continued to anticipate that ... maintaining a restrictive stance for monetary policy would be appropriate", minutes of the Fed's June meeting indicated.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

Inflation data continue to move in the right direction, with the Fed's preferred gauge falling to a 2-year low in May.

Stock futures higher as markets extends best first half rally in four years; PCE inflation data on deck as markets slowly buy into Fed rate forecasts; Nike shares slide after muted outlook, mixed Q4 earnings; Banks maintain borrowing from Fed despite robust stress test results and Tesla shares higher on…

Futures rose with a key inflation report on tap. Apple is trading above a $3 trillion market cap before the open.

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

Stock futures nudge higher as Powell repeats hawkish rate view; JPMorgan, Morgan Stanley lead banks higher following stress test results; Micron shares leap after narrower Q3 loss, robust ai demand outlook; Nike Q4 earnings on deck with margins, consumer demand in focus and Apple on $3 trillion watch after record…

September S&P 500 futures (ESU23) are up +0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.16% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

Federal Reserve Chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system after the failure of three large U.S. banks this spring