The Latest Breaking News from the Federal Reserve

GOP Megadonor Ken Griffin, who voted for Donald Trump in the 2024 presidential election, has publicly criticized the "risky game," the president is playing by getting involved with the Federal Reserve.

America’s latest employment figures paint a bleak picture of the U.S. jobs market. The silver lining: Weak job growth and cooling wages mean that a decrease in borrowing rates is now almost certainly on the horizon.

Ken Griffin warns Trump’s pressure on Jerome Powell and the Federal Reserve risks eroding U.S. institutional credibility.

September S&P 500 E-Mini futures (ESU25) are up +0.26%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.34% this morning, pointing to a higher open on Wall Street as investors boosted their expectations for how much the Federal Reserve will cut interest rates this year.

On Thursday, the consumer price index is due, and Wall Street sees a 0.3% gain, accelerating from the 0.2% pace a month earlier.

Veteran investor Peter Grandich is warning that the market is overlooking the biggest signals in decades, with precious metals and insider selling flashing red. In an interview with Kitco News, Grandich didn’t hold back the criticism of the U.S. economic policy, the Federal Reserve, and the complacency of equity markets.

The average rate on the 30-year fixed mortgage sank 16 basis points on Friday to 6.29%, according to Mortgage Daily News.

"So could they play catch-up? Yes, they could. Hopefully they will, but it's a more risky operation than a lot of people expect it to be."

Gold has surged to unprecedented levels in early September 2025, breaching $3,500 per ounce and gaining 37% year-to-date, as investors respond to economic risks, central bank moves and a growing crisis of trust in U.S. institutions.