The Latest Breaking News from the Federal Reserve

US economy adds 150,000 jobs in October and previous months are revised lower, boosting investor expectations that the Fed won’t hike interest rates again

America’s employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation’s auto industry

The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve’s aggressive interest rate hikes meant to cool the economy and taper lingering inflation

Shopping with plastic is pricier than ever — interest rates on credit cards are hitting fresh record highs. And the timing couldn't be worse.

December S&P 500 futures (ESZ23) are up +0.50%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.70% this morning as market participants weighed the possible peak of the Federal Reserve’s historic tightening campaign and looked ahead to an earnings report from Apple.

Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy

Techs led futures higher, with Palantir and Roku among the big earnings winners. Fed chief Jerome Powell signaled no more rate hikes, fueling Wednesday's strong market rally.

The Fed chair expressed confidence that inflation, despite some signs of persistence in the most recent monthly data, is still heading lower even as the economy has kept growing.

The central bank did not hike interest rates at its November meeting – a move that was cheered by market participants.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.39%. Stock are higher after the Federal Reserve announced it...

The Federal Reserve kept its federal funds rate unchanged at a 22-year high of 5.25% to 5.5%.