The Latest Breaking News from US Federal Reserve

America Has a Jobs Plot Twist: Nearly 2 Million Jobless for 27+ Weeks Despite US Unemployment Rate at 4.1%

The mean unemployment spell reached 26.3 weeks in August, while the median was 11.4 weeks, leaving a much longer tail among the unemployed.

International Business Times UK · Sep 30

Federal Reserve watchdog finds no criminal violations for building renovation cost overruns

Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates

The Guardian - US · Sep 30

No criminal wrongdoing in $2.5Bn Federal building renovation but it was mismanaged, watchdog finds

According to the findings, construction costs to renovate two central bank facilities more than doubled, climbing from an initial estimate of $921 million in February 2020 to $2.018 billion by December 2024

The Independent UK · Sep 30

After the Fed’s September Move: 7 Holdings That Reprice Within Weeks, and the One Costing You Income Now

The Federal Reserve changed interest rates again in September, but it did something the original headline gets wrong: It raised the federal funds target by a quarter point, bringing the range to 3.75% to 4%.

The Free Financial Advisor · Sep 30

Dollar Slips on Reduced Fed Rate Hike Chances

The dollar index (DXY00 ) is down by -0.17% today. US economic news today showing weaker-than-expected inflation readings on Aug core PCE price index and the Q2 core PCE price index eases the chance of a Fed rate hike next month and is weighing on the dollar. Fed rate hike...

Barchart · Sep 30

Stocks Climb on Signs of Lower Inflation and Stronger US Growth

The S&P 500 Index ($SPX ) (SPY ) is up by +0.34% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.52%. December E-mini S&P futures (ESZ26 ) are up +0.35%, and December E-mini...

Barchart · Sep 30

US stocks: US market rises as cooler inflation data ease October Fed hike bets

U.S. stocks surged higher as inflation reports came in softer than analysts predicted, easing worries about potential interest rate hikes. The Commerce Department revealed a 3.4% increase in the Personal Consumption Expenditures price index year-over-year. Major players like Apple and Alphabet enjoyed price rises, contributing to a notable boost in…

The Economic Times · Sep 30

Diesel price hits record highs ahead of U.S. midterm elections 2026: Texas, California, other key political states are taking measures to offer relief for Americans. Details here

Diesel price today: White House is considering regulatory relief that would allow broader sales of red-dyed diesel, a move that could allow some buyers to avoid the federal fuel tax, while President Donald Trump said that he backed a ban on diesel exports.

The Economic Times · Sep 30

The Fed's Preferred Inflation Gauge Was Much Lighter Than Expected. Stocks Are Climbing.

The annual figure stood at 3%, below the 3.3% expected by analysts.

International Business Times · Sep 30

Private Job Creation Increases Above Expectations In September: 'It's a Strong Report'

ADP detailed that hiring accelerated for the first time since May.

International Business Times · Sep 30