The Latest Breaking News from the Federal Reserve

Figures show unexpected resiliency of job market as Fed keeps interest rates high try to tamp down 3.4% inflation

Asian stocks are higher after Wall Street barreled to new records as the frenzy around artificial-intelligence technology keeps sending stocks higher

Asian markets extended a surge on Wall Street Thursday as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates this year.

The Federal Reserve may not have raised interest rates enough, which made the economy run too hot for inflation to fall.

More signs of a cooling labor market boosted bets for a September rate reduction from the Fed.

Equities mostly rose Wednesday on building optimism that the Federal Reserve will cut interest rates before the end of the year after the latest batch of data indicated the long-resilient US jobs market was showing signs of easing.

Interestingly, layoffs decreased, and the number of Americans voluntarily quitting their jobs increased in April, indicating a level of confidence among workers in their job prospects.

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

The dollar index (DXY00 ) Monday fell by -0.52% and posted a 2-week low. Lower T-note yields on Monday undercut the dollar. Losses in the dollar accelerated after Monday’s news that the US ISM manufacturing index and Apr construction spending unexpectedly declined. The US May ISM manufacturing index unexpectedly fell...

The dollar index (DXY00 ) today is down by -0.41% at a 2-week low on pressure from lower T-note yields. Also, the strength in stocks today has reduced liquidity demand for the dollar. Losses in the dollar accelerated after today’s news that the US ISM manufacturing index and Apr construction...

Shares in Asia have started June with big gains after Wall Street finished with another push higher