The Latest Breaking News from US Federal Reserve

Asian stocks have retreated after U.S. stocks fell as good news on the job market raised worries over inflation

Asian markets tumbled Monday after an outsized US jobs report dealt another blow to hopes for more interest rate cuts, while oil extended a rally sparked by new sanctions on Russia's energy sector.

The dollar index (DXY00 ) Friday rose by +0.44% and posted a 2-year high. Friday’s stronger-than-expected US Dec payroll report pushed bond yields higher and boosted the dollar as unexpected signs of strength in the labor market reduced the chances of Fed rate cuts. The dollar added to its gains...

The strongest surge in hiring since March keeps the Fed on hold for now.

The S&P 500 Index ($SPX ) (SPY ) today is down -1.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.82%. March E-mini S&P futures (ESH25 ) are down -1.64%, and March E-mini Nasdaq futures...

The dollar index (DXY00 ) today is up by +0.41% and posted a 2-year high. Today’s stronger-than-expected US Dec payroll report pushed bond yields higher and boosted the dollar as unexpected signs of strength in the labor market reduced the chances of Fed rate cuts. The dollar added to its...

The FOMC is unlikely to cut interest rates in 2025 because of strong labor market and inflation data. There is a growing risk of higher rates.

The S&P 500 Index ($SPX ) (SPY ) today are down -1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.49%. March E-mini S&P futures (ESH25 ) are down -1.19%, and March E-mini Nasdaq futures...

Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency