The Latest Breaking News from US Federal Reserve

Eyes will also be on the Federal Reserve's policy decision on Thursday, with expectations for another cut, while the post-meeting statement from bank boss Jerome Powell will be pored over for an idea about its plans for 2025.

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

December S&P 500 E-Mini futures (ESZ24) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.27% this morning as investors braced for the closely contested U.S. presidential election, while also awaiting a new round of economic data and corporate earnings reports.

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.35%. Stocks on Monday settled moderately lower, with the S&P 500 falling to a 4-week...

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The dollar index (DXY00 ) Monday fell by -0.40% and posted a 2-week low. The dollar was under pressure Monday after updated polls over the weekend shifted in favor of Democratic candidate Harris for president. Harris’s high-tax and low-tariff policies are seen as limiting growth and inflation and are seen...

The S&P 500 Index ($SPX ) (SPY ) today is off -0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is off -0.35%. Stocks are churning today and are trading mostly lower ahead of the US presidential...

The dollar index (DXY00 ) today is down by -0.61% at a 2-week low. The dollar is under pressure today after polls over the weekend shifted in favor of Democratic candidate Harris for president. Harris’ high-tax and low tariff policies are seen as limiting growth and inflation and are seen...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. Stocks today are moderately lower on long liquidation pressures ahead of the US presidential...

Federal Reserve plans to cut interest rates due to cooling inflation, not election uncertainty. Powell emphasizes Fed's independence.

December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…