The Latest Breaking News from Jerome Powell

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Asian markets fluctuated Tuesday as traders jockeyed for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on a knife-edge as the two candidates wrapped up their campaigns.

Federal Reserve plans to cut interest rates due to cooling inflation, not election uncertainty. Powell emphasizes Fed's independence.

December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…

December S&P 500 E-Mini futures (ESZ24) are up +0.24%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.15% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…

The US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades.

"The next administration will face net interest outlays of over $1 trillion on the ballooning federal debt."

High-end property buyers often have their assets locked in interest-sensitive classes, stalling the luxury property sector.

Former President Donald Trump doubled down on his plan to impose heavy tariffs on imports to help pay for tax cuts.

Wall Street wants the Fed to keep cutting to a normalized rate level. It might not happen as quickly as they’d like.

Prior to September, the Fed had not cut rates since March 2020.