The Latest Breaking News from the Federal Reserve

Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been shaken by strong economic data

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

September S&P 500 futures (ESU23) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.26% this morning at the start of a holiday-shortened week, with market participants looking ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as Friday’s nonfarm…

‌The latest stress test report finds 23 of the largest US banks can absorb more than $540 billion in losses and continue lending

Business & investing: There's a mixed scorecard for the markets at the halfway point of the year, but the world’s most popular cryptocurrency is powering higher thanks to renewed interest by some of the world’s largest investment funds. Andrew Patterson reports.

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

RECAP: Asian stocks inched higher yesterday as weak manufacturing data from China stoked expectations of fresh stimulus, even as strong US data bolstered the view that the Federal Reserve will keep interest rates higher for longer.

The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum.

An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs