The Latest Breaking News from the Federal Reserve

The FTSE 100 was declining during the day but managed to gain 4.56 points late in the afternoon to close at 8,030.33.

The market's post-election rally may have passed a key inflation test.

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.”

Implementing loyalists to executive branch positions, forcing local and state law enforcement agencies to comply with mass deportation and taking a confrontational approach to relations with China are all policies promoted by the America First Policy Institute, a right-wing think tank with influence over Donald Trump. Ariana Baio breaks it…

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

December S&P 500 E-Mini futures (ESZ24) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.13% this morning as investors took a breather at the end of an eventful week that saw Donald Trump reclaim the U.S. presidency and the Federal Reserve cut rates.

US President-elect Donald Trump has repeatedly threatened to fire the chair of the US Federal Reserve, Jerome Powell.

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy