Federal Reserve Official Defends Central Bank Independence Federal Reserve stresses importance of independence for sound policy decisions and economic outcomes amidst political pressures. Top News · Nov 14, 2024
Stocks Steady Before the Open With Focus on Key U.S. PPI Data and Powell Speech, Disney Earnings on Tap December S&P 500 E-Mini futures (ESZ24) are up +0.14%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.01% this morning as investors awaited crucial U.S. producer inflation data, remarks from Federal Reserve Chair Jerome Powell, and an earnings report from entertainment giant Disney. Barchart · Nov 14, 2024
Key US inflation measure ticks higher for first time since March The consumer price index rose at annual pace of 2.6% after September saw lowest rate in more than three years The Guardian - US · Nov 13, 2024
US inflation rises to 2.6% in October; Post Office closures put 2,000 jobs at risk – as it happened Inflation figures closely watched by US Federal Reserve; core inflation holds steady at 3.3% The Guardian - UK · Nov 13, 2024
Stock Market Today: Stocks Retreat on Renewed Inflation, Interest Rate Questions Stocks were lower and yields were higher on Tuesday, with markets reflecting the uncertain transition from campaign promises to real-world policies. Kiplinger · Nov 12, 2024
Billionaire investor John Paulson shies away from Trump's Treasury due to 'complex financial obligations' Hedge funder won’t lead Treasury although Trump has called him a “money machine.” Fortune · Nov 12, 2024
Jerome Powell was prepared to fight for his job in court when Trump mulled firing the Fed chief in 2018, report says Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal. Fortune · Nov 11, 2024
Stocks Set to Open Higher as Investors Await U.S. Inflation Data and Powell Speech December S&P 500 E-Mini futures (ESZ24) are up +0.33%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.29% this morning as Donald Trump’s election victory continued to boost risk appetite, while investors looked ahead to U.S. inflation data, a fresh batch of corporate earnings reports, as well as remarks… Barchart · Nov 11, 2024
Elon Musk backs call to '#EndTheFed' after Jerome Powell says he won't resign early On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.” Fortune · Nov 10, 2024
What Does the Trump Presidency Mean for the Fed? We take a look at what Donald Trump's potential economic plans could mean for inflation, the Fed and Jerome Powell. Here's what you need to know. Kiplinger · Nov 10, 2024
Trump Victory Poses Challenges For The Fed's Independence Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference. International Business Times · Nov 10, 2024
Jobs market in focus as investors chew Trump triumph Donald Trump's return is having no immediate impact on central bank inflation outlooks but domestic jobs figures could change the calculus for the RBA. AAP · Nov 10, 2024
Fed Chair Powell's refusal to resign if asked could set up Trump's first big fight to reshape the economy During a news briefing, he was asked if he would resign if Trump demanded it, and Powell simply replied "no." Fortune · Nov 8, 2024
From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off? There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates The Guardian - UK · Nov 8, 2024
Latin Times · Nov 8, 2024 Asian Markets Struggle To Maintain Momentum After Fed Cut Asia took up the baton in early trade but some markets fell away in the afternoon. Tokyo, Sydney, Singapore, Wellington, Taipei and Jakarta rose.
Barchart · Nov 8, 2024 Stock Index Futures Muted After Fed’s Rate Cut December S&P 500 E-Mini futures (ESZ24) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.13% this morning as investors took a breather at the end of an eventful week that saw Donald Trump reclaim the U.S. presidency and the Federal Reserve cut rates.
International Business Times · Nov 8, 2024 US Fed Chair Says Will Not Leave Early If Asked By Trump US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump.
The Conversation · Nov 8, 2024 Trump has threatened to fire the chair of the US Federal Reserve. That could be bad news for inflation US President-elect Donald Trump has repeatedly threatened to fire the chair of the US Federal Reserve, Jerome Powell.
The Independent UK · Nov 8, 2024 Stock market today: Asian shares gain after US Fed cuts interest rates Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy
International Business Times · Nov 8, 2024 Asian Markets Extend Rally After Fed Cut Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates and on the prospect of market-friendly policies from a Trump administration.
International Business Times · Nov 7, 2024 Jerome Powell Insists Trump Victory Won't Impact Fed's Decision-making According to Jerome Powell, chair of the Federal Reserve, Donald Trump's election victory will not effect monetary policy actions.
Fortune · Nov 7, 2024 Fed Chair Jerome Powell won't resign if Trump asks him to Trump has said he should have a say in setting interest rates.
Kiplinger · Nov 7, 2024 Stock Market Today: Stocks Pause as Investors Assess Fed Policy The Federal Reserve met expectations with a quarter-point rate cut.
Top News · Nov 7, 2024 Fed Chair Powell Addresses Inflation Concerns Learn about the impact of high inflation on Americans and the Federal Reserve's efforts to address the situation.
Top News · Nov 7, 2024 Federal Reserve Chair Powell Declines Resignation Request From Trump Federal Reserve Chair Powell stands firm on not resigning, cuts interest rates post-election for economic stability.