The Latest Breaking News from US Federal Reserve

The Treasury secretary has said he has “the best job in Washington,” although he has often been floated as a name for the top job at the central bank.

A defiant President Trump defended his firing of a top government jobs monitor and said he would like to run again in 2028.

Stocks moved more than 1% again Monday, this time to the upside following the Jobs Friday sell-off.

The dollar index (DXY00 ) on Monday added to last Friday’s losses and fell by -0.38%. The dollar moved lower Monday on negative carryover from last Friday’s weaker-than-expected US payroll and ISM manufacturing reports, which sent T-note yields lower and bolstered speculation that the Fed may cut interest rates as...

Investors may want to think twice about betting broadly on a “strongly rising U.S. economic tide,” JPMorgan’s David Kelly writes. Same with lower interest rates.

Despite weaker-than-expected job data, Wall Street surged as investors bet on Federal Reserve rate cuts and the resilience of the tech sector to support markets.

“This implies that the weak gains in payrolls in recent months might have something to do with the supply of labor.”

President Donald Trump has dismissed Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), following the release of a weaker-than-expected July jobs report. The move has drawn national attention due to its timing, coming amid both economic uncertainty and ongoing discussions about the Federal Reserve’s interest rate policy.

The S&P 500 Index ($SPX ) (SPY ) today is up +1.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.48%. September E-mini S&P futures (ESU25 ) are up +1.15%, and September E-mini Nasdaq futures...