The Latest Breaking News from US Federal Reserve

Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records

Asian investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this week, while sentiment was being dragged by worries about the Chinese economy.

The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.

The S&P 500 Index ($SPX ) (SPY ) Friday closed up by +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.47%. Stocks posted moderate gains on Friday, with the S&P 500, Dow...

The main indexes closed out the day and week notably higher as excitement swirls ahead of next week's rate cut.

The homebuilder sector is well-positioned for expansion due to expected Fed rate cuts that could lower mortgage rates, increase housing demand, and boost market growth. Amid this favorable backdrop, investors may consider watching fundamentally strong homebuilder stocks: PulteGroup (PHM) and NVR (NVR). Read more.

The dollar index (DXY00 ) Friday fell to a 1-week low and finished down by -0.24%. Dovish comments Friday from former New York Fed President Dudley knocked bond yields lower and weighed on the dollar when he said he sees “a strong case for a 50 bp cut” in interest...

Savings rates remain high for now. But with the Fed likely to cut rates later this year, it's time for savers to lock in rates now.

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.42%. Stocks today are moderately higher, with the S&P 500 and the...