The Latest Breaking News from the Federal Reserve

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

The U.S. labor market continues to confound Wall Street as employers added nearly 200,000 jobs last month, taking the unemployment rate down to 3.7%.

Dimon was joined on Capitol Hill by his fellow banking honchos Wednesday.

December S&P 500 futures (ESZ23) are trending up +0.25% this morning as the latest U.S. employment data fueled bets that the Federal Reserve will cut interest rates as soon as March, with investors’ focus now turning to the ADP National Employment numbers due later in the day.

Wall Street expects the U.S. economy to have created somewhere between 160,000 and 185,000 jobs in November, based on two forecasts published by Trading Economics.

Asian shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy

Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

One economist has a real problem with the way the Federal Reserve has acted over the past few years.

The price of gold today (GCZ23 ) soared to an all-time high of $2,130.2 an ounce on the COMEX exchange before falling back. Gold prices have climbed more than +16% over the past month from a 9-month low on growing speculation that the Federal Reserve and European Central Bank are...