The Latest Breaking News from Kansas City Fed

Federal Reserve hawks argue that cutting rates further right now would be a mistake.

The dollar index (DXY00 ) today is up by +0.22% and posted a fresh 2.75-month high. Hawkish comments today from Kansas City Fed President Jeff Schmid and Dallas Fed President Lorie Logan were supportive of the dollar when they cited reasons for opposing Fed rate cuts. The dollar also rose...

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.55%. December E-mini S&P futures (ESZ25 ) fell -0.37%, and December E-mini Nasdaq futures...

The dollar index (DXY00 ) on Tuesday extended Monday's gains and rose by +0.48% to a 1.5-week high. The dollar rallied on Tuesday following hawkish comments from the Fed. Kansas City Fed President Jeff Schmid said the Fed needs to continue pressing against inflation that has remained stubbornly high, and...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.40%. December E-mini S&P futures (ESZ25 ) are down -0.34%, and December E-mini Nasdaq futures...

The dollar index (DXY00 ) extended Monday’s gains and is up by +0.40% at a 1.5-week high. The dollar is climbing today on hawkish comments made by Kansas City Fed President Jeff Schmid on Monday evening, who said the Fed needs to continue pressing against inflation that has remained stubbornly...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.25%. December E-mini S&P futures (ESZ25 ) are up +0.13%, and December E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. December E-mini S&P futures (ESZ25 ) fell -0.48%, and December E-mini Nasdaq futures...

The dollar index (DXY00 ) on Thursday rose by +0.64% to a 3-week high. The dollar rallied as Thursday’s US economic reports were hawkish for Fed policy. US Q2 GDP expanded more than expected, weekly jobless claims unexpectedly fell to a 2-month low, and August core (ex-defense and aircraft) capital...

The dollar index (DXY00 ) today is up by +0.43% at a 3-week high. The dollar is climbing as today’s US economic reports were hawkish for Fed policy. US Q2 GDP expanded more than expected, weekly jobless claims unexpectedly fell to a 2-month low, and August core (ex-defense and aircraft)...

September S&P 500 E-Mini futures (ESU25) are trending up +0.26% this morning, attempting to snap a five-session losing streak, with focus squarely on a highly anticipated speech from Federal Reserve Chair Jerome Powell.