The Latest Breaking News from the Federal Reserve

US consumer sentiment rises in August driven by optimism in Democrats towards VP Kamala Harris. Despite inflation concerns, consumer spending remains strong.

Labor Department report shows a decrease in jobless claims, indicating a resilient job market despite high interest rates.

If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it’s likely to come Wednesday, when the government is expected to report that inflation cooled further last month

Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street begins a new week with a focus on economic data. Investors are keen to see if readings on consumer and producer prices nudge the Federal Reserve towards a ...

Moynihan said a reduction could be necessary as early as September if inflation continues to ease.

After a painful collapse fuelled by a big miss on US jobs creation, equities managed to bounce back over the following days and ended Friday on a healthy note.

Asian markets were mixed Monday as investors try to move on from last week's upheaval that was fuelled by US recession worries, with focus on the release of key inflation and retail data.

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

After last week's big gyrations, investors will face important economic reports plus earnings from Walmart and Home Depot.