The Latest Breaking News from Jerome Powell

Canadian e-commerce major Shopify’s (SHOP) shares have gained more than 40% this year on the news of hiking prices for its plans. With inflation remaining high and the Fed open to raising interest rates beyond its predicted range, is the stock a buy now? Read on to learn our view….

Despite eased inflation, the robust jobs report raised the prospect of progressive rate hikes. With anxiety escalating about the possibility of a Fed-induced recession, the market volatility is expected to remain elevated in the near future. Hence, investors could consider fundamentally sound and stable stocks Novartis (NVS), Descartes Systems (DSGX),…

Mr Powell claims that he makes around $190,000, but others aren’t so sure

Foreign buyers snapped-up the largest portion of 10-year notes on auction in more than two decades Wednesday as Fed Chair Jerome Powell suggests inflation will slow "significantly" over the coming year.

Despite recent signs of moderation in inflation, the better-than-expected January jobs data could force the Fed to raise interest rates even further. This is expected to keep the stock market highly volatile in the near term. Given a volatile market backdrop, investing in high-quality stocks AbbVie (ABBV), Cintas (CTAS), and…

New York (AFP) - Stock markets wavered on Wednesday, with tech shares falling and investors digesting President Joe Biden's calls for tax hikes amid lingering worries over a worsening corporate profit outlook.

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

Earnings reports continue to influence stock market trading.

London (AFP) - Europe's stock markets rose but Wall Street opened lower on Wednesday as investors digested President Joe Biden's calls for tax hikes and the latest interest rate signals from US Federal Reserve chief Jerome Powell.