The Latest Breaking News from US Federal Reserve

The 78-year-old treasury secretary is the first woman to hold the job and that of Federal Reserve chair, and the first person to also chair the White House Council of Economic Advisers.

“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.”

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -1.73%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.69%. Stocks sold off sharply Friday, with the S&P 500 falling to a 3-1/2 week...

A weak employment report is just the latest sign that the Federal Reserve could offer some relief

A big slump in tech stocks thanks to Broadcom's post-earnings slide put pressure on the main indexes too.

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The dollar index (DXY00 ) Friday recovered from a 1-week low and finished up by +0.10%. Short covering emerged in the dollar Friday after stocks sold off, which boosted liquidity demand for the dollar. The dollar also garnered support from today’s news that Aug average hourly earnings rose more than...

Wall Street ended the week in a sour note Friday on the heels of a disappointing August jobs report and a continued sell-off of technology stocks.

The Fed will cut rates this month. The only question is by how much.