The Latest Breaking News from US Federal Reserve

On Monday, Dec. 2, 2024, Federal Reserve Governor Christopher Waller indicated he is "leaning toward" supporting an interest rate cut at the central bank's December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed's 2% target.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.12%. Stocks on Monday mainly settled higher, with the S&P 500 and Nasdaq 100 posting...

The dollar index (DXY00 ) Monday rose by +0.69%. The dollar rallied Monday and garnered support from weakness in the euro due to political turmoil in France after France’s far-right National Rally party said it would back a no-confidence vote against Prime Minister Barnier’s government due to a stand-off over...

The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, two Federal Reserve officials said Monday, with one indicating support for another rate cut this month.

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

Proposed tariffs by President-elect Trump may impact interest rates and inflation, prompting Fed analysis.

December S&P 500 E-Mini futures (ESZ24) are down -0.12%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.19% this morning as investors looked ahead to remarks from Federal Reserve Chair Jerome Powell and other Fed officials as well as a slew of U.S. labor market data, with a particular…

This week brings several high-impact economic releases that could influence market direction, with Friday's jobs report being the highlight. We also have important manufacturing data and consumer spending updates that could impact the Fed's rate decision later this month.

The U.S. dollar index had traded between just under 100 and just over 107 since late 2022. After trading to the bottom end of the range in September 2024, the index challenged the top end of the band, briefly eclipsing the 108 level.

The dollar-yen pair dropped to the 150 level on Friday morning, marking a 1% decline during the session and extending its weekly loss to 3%.

Operation Choke Point 2.0 has been ringing across the crypto space for several years now, but more details about the alleged coordinated effort to de-bank crypto firms have emerged as more industry leaders find the courage to share their stories.