The Latest Breaking News from the Federal Reserve

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

This marks the third consecutive week of declining mortgage rates, which have largely remained around 7% since April.

Plus: The Federal Reserve considers an interest rate cut, its chairman considers persistently high inflation, housing pops up on the National Mall, and more...

Bonds haven't been acting like bonds for years. Blame the Federal Reserve for pushing rates up to a 23-year high to combat inflation.

June S&P 500 E-Mini futures (ESM24) are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.63% this morning as market participants weighed slowing U.S. inflation against the Federal Reserve’s more hawkish tone on interest rates, with attention now shifting to crucial U.S. PPI data and an earnings…

Asian shares are mostly higher as investors turn their attention to what the Bank of Japan might decide on monetary policy later this week

The ASX200 has finished 0.4 per cent higher after US inflation eased in May, even as the Federal Reserve predicted just one rate cut in 2024.

Stocks had a mixed day as investors analyzed inflation data and Fed's rate projections, with Dow down, S&P up, and Nasdaq hitting records.

The Federal Reserve kept interest rates unchanged and penciled in one quarter-point cut in 2024.