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The Latest Breaking News from Jerome Powell

Stocks Slip Lower, Markets Fighting Fed, ECB Rate Decision, Adobe Earnings On Deck, Kroger Merger Progress - 5 Things To Know

Stock futures edge lower following Fed pause, China data; Markets still fighting Fed as Powell says July meeting 'live'; ECB rate decision up next amid recession slip, inflation spike; Adobe earnings will focus on AI potential for cloud software group and Kroger earnings on deck with Albertsons merger progress expected.

The Street

Stocks Slip Before the Open as Hawkish Fed Outlook Weighs on Sentiment, ECB Decision in Focus

June S&P 500 futures (ESM23) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.57% this morning after three major U.S. benchmark indices finished the regular session mixed as hawkish signals from the Federal Reserve weighed on sentiment, while investors also awaited key U.S. retail sales data.

Barchart

The Fed grows confident its Goldilocks economy might come true

The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.

Axios

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Stock market today: Asia shares mixed after Fed holds rates steady and hints of hikes ahead

Asian trading is mixed after the Federal Reserve held interest rates steady

The Independent UK

Powell says nearly all Fed officials expect ‘some’ additional rate increases

WASHINGTON — Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening at some point to cool inflation.

Tribune News Service

Fed pauses interest rate hikes but signals more tightening ahead

WASHINGTON: The United States Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Bangkok Post

Dow Jones Futures Fall: Market Rally Resilient After Fed Surprise; Tesla Ends Record Run

The market rally held up, for now, amid a Fed forecast of two more rate hikes. Tesla ended a big win streak. Medical product firms flashed buy signals.

Investors Business Daily

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Jerome Powell admits that some banks are in trouble with their commercial real estate holdings: 'We do expect that there will be losses'

“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.

Fortune

Fed Chair Powell: The U.S. housing market is 'putting in a bottom'

"We now see housing putting in a bottom, and maybe moving up a bit. We're watching that situation carefully," Powell said on Wednesday.

Fortune

Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes

The Fed stood pat on interest rates this time around but the central bank's hawkish outlook made for a volatile afternoon.

Kiplinger

Fed keeps rates unchanged for first time in 15 months as inflation slowly eases

The Federal Reserve’s move to leave its benchmark rate at about 5.1% suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.

Chicago Sun-Times

Fed Leaves Interest Rates Unchanged: What the Experts Are Saying

The Federal Reserve stood pat on interest rates but left the door open to future hikes.

Kiplinger

Federal Reserve Meeting Shock: Two More Rate Hikes Eyed; S&P 500 Hangs Tough

The Federal Reserve expects to hike its key rate two more times, delivering an unwelcome surprise to Wall Street. The S&P 500 fought back.

Investors Business Daily

Watch Live: Jerome Powell Explains Fed Pause, Outlines Future Rate Hikes

Watch Jerome Powell explain the Fed's rate decision and outline the path forward for future rate decisions.

The Street

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Fortune

What CFOs need to know about the latest inflation and wage growth data

Economists weigh in on interest rates and new research that points to labor costs having a small effect on overall inflation.

The Street

Fed Preview: 'Hawkish Pause' on Rate Hikes Seen as Inflation Fight Continues

"A decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle," Fed vice chair nominee Philip Jefferson cautioned late last month.

The Independent UK

Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come

The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation

Los Angeles Times

Michael Hiltzik: Wage growth doesn't drive inflation. So why is the Fed out to crush workers?

Federal Reserve Chairman Jerome Powell and his colleagues have made major mistakes in their battle with inflation.

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Investors Business Daily

Dow Jones Futures Fall: Fed Decision Due As Nasdaq Looks Extended; What Investors Need Now

The Nasdaq and S&P 500 are at 2023 highs with breadth expanding heading into the Fed decision. Here's what investors need. now.

Tribune News Service

US inflation slows, giving room for Fed to pause rate hikes

U.S. inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week.

Investors Business Daily

CPI Inflation Rate Falls To 4%; S&P 500 Gains As Fed Rate-Hike Odds Slip

The CPI inflation rate tumbled, but core prices remained firm. The S&P 500 rose as investors wait to hear from the Fed.

WEKU

Cheaper eggs and gas lead inflation lower in May, but higher prices pop up elsewhere

Inflation cooled slightly in May, thanks in part to falling gas and egg prices. But the overall cost of living is still climbing faster than the Federal Reserve would like.

The Street

Stocks Edge Higher, Inflation On Deck, Oracle Earnings, Apple Rating Cut, Intel Arm Interest - 5 Things To Know

Stock futures higher with Fed rate decision in focus; Inflation data on deck as markets bet on June rate 'skip'; Oracle shares at fresh record high after Q4 earnings beat; Apple shares slip as UBS lowers rating on softening iPhone demand and Intel shares gain on reports of anchor interest…

Investors Business Daily

Fed Meeting: 'Hawkish Pause' May Cap Upside For S&P 500

This week's Federal Reserve meeting may undo May's dovish policy shift, pointing to a July rate hike and chilling the S&P 500 rally.

Businessweek

Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy

A look at the four variables that will tell us whether the country dodges a recession or becomes mired in stagflation.

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