The Latest Breaking News from Jerome Powell

US hiring rose much more than expected last month, according to government data published Friday, increasing the chances that the Federal Reserve will remain on pause for longer as it weighs when to start cutting interest rates.

Unemployment rate at 3.8% while job gains well above the 192,000 economists expected for the month

June S&P 500 E-Mini futures (ESM24) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.43% this morning as investor attention turned to crucial U.S. jobs data due Friday after Fed Chair Jerome Powell reiterated that the central bank will likely reduce rates this year.

June S&P 500 E-Mini futures (ESM24) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.43% this morning as investor attention turned to crucial U.S. jobs data due Friday after Fed Chair Jerome Powell reiterated that the central bank will likely reduce rates this year.

An equities rally that started at the back end of 2023 has stuttered in recent weeks after a string of reports suggested the economy was too strong and prices too sticky for officials to begin easing monetary policy this year.

Asian markets rose Thursday after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries about the bank's plans to cut interest rates this year.

Intel and Walt Disney were two of the worst Dow Jones stocks Wednesday.

Federal Reserve Chair Jerome Powell discusses Fed's non-political stance and cautious approach to interest rates at Stanford's Business, Government, and So...

The US Federal Reserve's high benchmark rate is "doing its job" against elevated inflation, chairman Jerome Powell said Wednesday, warning that lowering it too soon could be "quite disruptive" for the American economy.

Federal Reserve Chair hints at rate cuts in 2023 despite strong economy. Fed remains independent from political influence.

Fed policymakers are sounding more hawkish.