The Latest Breaking News from US Federal Reserve

Cleveland-Cliffs is trading near its 52-week lows, even as the S&P 500 Index is eyeing record highs. The beaten-down stock could be a good bet for aggressive investors looking to play a recovery in U.S. steel markets.

The S&P 500 Index ($SPX ) (SPY ) is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.35%. US stocks today are mixed, with the S&P 500 posting a 1-1/4 month high and...

Asian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy

The ASX200 has climbed 0.8 per cent as the local currency neared 68 US cents after Fed chairman Jerome Powell declared "the time had come" for US rate cuts.

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

According to Freddie Mac's latest forecast, home prices will rise 2.1% in 2024 and 0.6% in 2025.

The S&P 500 ($SPX) (SPY) had a strong finish to the week finishing 1.15% higher on Friday which was good for a 1.45% weekly gain.

Recent concerns about the unwinding of yen carry trades and its potential impact on financial markets have proven less disruptive than anticipated. Despite other countries raising interest rates to combat post-pandemic inflation, Japan has kept borrowing costs low to address its long-term economic stagnation. Although the Bank of Japan (BoJ)…

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months