The Latest Breaking News from Jerome Powell

Fed Cuts Interest Rates 0.25%, Warns Future Cuts Will Slow

"The economy is strong overall," Chairman Jerome Powell said.

International Business Times · Dec 18, 2024

European Central Bank Plans To Continue Lowering Interest Rates

ECB cuts rates to boost eurozone growth, while Fed remains cautious amid strong US economy.

Top News · Dec 18, 2024

US Fed Expected To Cut Again, Despite Uncertain Path Ahead

In the last couple of months, the Fed's favored inflation has ticked higher, moving away from the bank's long-term target of two percent, and raising concern that the battle against inflation is not over.

Latin Times · Dec 18, 2024

S&P Futures Slip Ahead of U.S. Retail Sales Data and FOMC Meeting

December S&P 500 E-Mini futures (ESZ24) are trending down -0.45% this morning as investors braced for the start of the Federal Reserve’s two-day policy meeting while also awaiting a new batch of U.S. economic data, with a particular focus on the retail sales report.

Barchart · Dec 17, 2024

S&P Futures Tick Lower Ahead of U.S. Retail Sales Data and FOMC Meeting

December S&P 500 E-Mini futures (ESZ24) are trending down -0.22% this morning as investors braced for the start of the Federal Reserve’s two-day policy meeting while also awaiting a new batch of U.S. economic data, with a particular focus on the retail sales report.

Barchart · Dec 17, 2024

Stock Market Today: Stocks Are Mixed Ahead of the Fed

Two of the three main equity indexes closed higher on the first day of the final Fed Week of 2024.

Kiplinger · Dec 16, 2024

Inside the Fed, analysts reportedly avoid casual talk of tariffs in emails and meetings in case the comments are leaked and the central bank is perceived as anti-Trump

It appears Fed staff are erring on the side of caution, according to the New York Times, which cited people familiar with the matter.

Fortune · Dec 16, 2024

Future Interest Rate Cuts Could Be On Hold As Inflation Remains Stubborn

The Federal Reserve announced that they're cutting their benchmark rate by a quarter-point, 4.75% to about 4.3%, when their meeting ends Wednesday.

International Business Times · Dec 16, 2024

Inside the FOMC: Boston Fed President Susan Collins on changing her mind, teamwork, and the alchemy behind the base rate

"It's important for people to understand the role of the FOMC or monetary policy at the Federal Reserve because of the importance of price stability and maximum employment for people's everyday lives," Collins told Fortune.

Fortune · Dec 15, 2024

Fed could cut interest rates again as US inflation barely moves in November

Federal reserve could cut rates for third time this year as prices rise 2.7% compared with a year before

The Guardian - US · Dec 11, 2024