The Latest Breaking News from Jerome Powell

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

June S&P 500 futures (ESM23) are down -0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning after three major U.S. benchmark indices ended the regular session in the red as market participants digested Federal Reserve Chair Jerome Powell’s comments following the central bank’s widely expected 25…

The Federal Reserve has raised interest rates by a quarter of a percentage point and signalled it may pause further increases.

Although the Fed raised interest rates for a 10th consecutive meeting, it finally opened the door to a pause in its tightening campaign.

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.

The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the US banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome…

The Federal Reserve is on track to raise its benchmark interest rate for the 10th time Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”