The Latest Breaking News from Jerome Powell

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

U.S. inflation shows a modest increase, potentially leading to a Fed interest rate cut. Consumer spending remains strong, but savings decline, impacting fu...

The economic world recently turned its attention to the resort of Jackson Hole, in a remote Wyoming valley. The annual economic policy symposium of central bankers, policymakers, academics and financial gurus took place in this unlikely spot, producing outcomes that hold significant implications for economies worldwide.

With the Fed expected to cut rates at the September meeting, Ford looks like a good stock to buy with its over 5% dividend yield.

A string of supportive data in recent weeks and comments from top Federal Reserve officials have helped push equities higher in August after starting the month in turmoil on fears of a US recession.

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what’s going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday.

Mary Daly said the "most likely" outlook involves continued gradual declines in inflation alongside steady and sustainable job growth.

Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions.

Investors will increasingly focus on upcoming economic data to gauge soft landing odds that have helped drive stock performance in 2024. Given an evolving macroeconomic landscape, it could be wise to invest in under-the-radar socks Workday (WDAY), CrowdStrike (CRWD), and Novavax (NVAX), which could be tomorrow’s blue chips. Read more.