The Latest Breaking News from Jerome Powell

Federal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor

Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in June

A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve’s interest rate hikes are still bringing down prices for many goods…

Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months.

September has historically been the worst month for U.S. stocks. Here's what investors need to watch right now - including one critical catalyst that's the most potent risk for stocks right now.

Number of new jobs matches July’s total, reflecting resilience of labor market even with high interest rates

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

Major cryptocurrencies traded with mixed results on Sunday evening, reacting to Federal Reserve Chair Jerome Powell’s speech

The July personal consumption expenditures (PCE) index and the August jobs report are just two key data points on this week's jam-packed economic calendar.

September S&P 500 futures (ESU23) are up +0.18%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.26% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while also awaiting Friday’s nonfarm payrolls report.

Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates