The Latest Breaking News from Powell

Dollar Slumps as Powell Signals Interest Rate Cuts

The dollar index (DXY00 ) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed President Bostic weighed on the dollar when he...

Barchart · Aug 23, 2024

Crude Rallies on Dollar Weakness and Dovish Powell Comments

Oct WTI crude oil (CLV24 ) Friday closed up +1.82 (+2.49%), and Oct RBOB gasoline (RBV24 ) closed up +3.93 (+1.89%). Crude oil and gasoline prices settled sharply higher on Friday after the dollar index tumbled to a 13-month low. Crude oil prices also rallied Friday on comments from Fed...

Barchart · Aug 23, 2024

Weak Dollar and Powell Comments Push Crude Prices Higher

Oct WTI crude oil (CLV24 ) today is up +1.54 (+2.11%), and Oct RBOB gasoline (RBV24 ) is up +3.28 (+1.57%). Crude oil and gasoline prices today are trading higher on a slump in the dollar index to a 7-1/2 month low. Crude oil prices also rallied on Fed Chair...

Barchart · Aug 23, 2024

Stocks Finish Lower Ahead of Friday’s Comments from Fed Chair Powell

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.89%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.68%. US stocks gave up an early advance on Thursday and moved lower as bond...

Barchart · Aug 22, 2024

Dollar Rallies Ahead of Fed Chair Powell’s Comments

The dollar index (DXY00 ) Thursday rose by +0.47%. The dollar posted moderate gains Thursday after bond yields rose on hawkish comments from Kansas City Fed President Schmid who said he wants to see more economic data before supporting any decision to begin cutting interest rates. Also, short covering ahead...

Barchart · Aug 22, 2024

Fed Chair Jerome Powell can’t keep ignoring the climate elephant—or its impact on inflation—at Jackson Hole

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

Fortune · Aug 22, 2024

Stocks Turn Cautious on Speculation Powell Will Downplay Aggressive Fed Easing

The S&P 500 Index ($SPX ) (SPY ) today is up +0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stocks today gave up an early advance and turned mixed as bond yields...

Barchart · Aug 22, 2024

Stock Market Today: Stocks Rise After Jobs Data Lifts Rate-Cut Odds

Preliminary data from the Bureau of Labor Statistics shows job growth was lower than previously estimated.

Kiplinger · Aug 21, 2024

PMI, FOMC Minutes and Other Key Things to Watch this Week

The S&P 500 ($SPX) (SPY) had a phenomenal week last week ending up 4.00%. This week is a lot quieter on both the news and earnings front until the end of the week.

Barchart · Aug 18, 2024

Stock Market Today: S&P 500, Nasdaq Notch Seven Days of Gains

The main indexes closed out the session and week higher as the stock market rebound continued.

Kiplinger · Aug 16, 2024