The Latest Breaking News from the Federal Reserve

Federal Reserve Chairman Jerome Powell addresses COVID-19 impact on US economy, stresses need for support and vigilance for robust recovery.

U.S. mortgage rates rise to nearly 7%, impacting homebuyers as spring season begins.

Global markets react positively to U.S. stock surge and Fed's potential rate cuts, driving gains in Europe and Asia.

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.66% this morning as investors cheered forecast-beating quarterly results and guidance from Micron as well as the Fed’s unchanged projection for three rate cuts this year while also awaiting U.S. business activity data and earnings reports from Nike and FedEx.

Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.

The main indexes notched new record closes Wednesday after the Federal Reserve kept its outlook for rate cuts unchanged.

The Federal Reserve left interest rates unchanged at a 23-year high, but it's still penciling in three rate cuts this year.

The S&P 500 Index ($SPX ) (SPY ) is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.94%. The Federal Reserve decided to hold interest rates steady, with the federal funds rate at...

Federal Reserve maintains key interest rate, plans for future cuts to support economy.