The Latest Breaking News from US Federal Reserve

The dark-horse candidate may lack the White House network of other top contenders but he is perhaps the only one who can give Trump the rate cuts he wants.

The S&P 500 Index ($SPX ) (SPY ) on Friday fell -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -0.05%. March E-mini S&P futures (ESH26 ) fell -0.08%, and March E-mini Nasdaq futures (NQH26 ) closed...

The moment everyone has been waiting for always sounds like a victory bell. Headlines will flash, markets will cheer, and commentators will declare that relief has finally arrived. Rate cuts feel like a financial holiday, a signal that borrowing gets cheaper and wallets can breathe again.

Given Powell's commitment to Fed independence, there were doubts that he would leave the board when his replacement as chair comes in.

The dollar index (DXY00 ) on Wednesday fell to a new 2.75-month low but then recovered and ended the day little changed. The dollar continues to trade on a weak note despite Tuesday's stronger-than-expected US GDP report of +4.3% and the reduced odds for Fed easing. The markets have reduced...

The Santa Claus Rally is officially on as of Wednesday's closing bell, and initial returns are positive.

Gold prices surged 50% in 2025, topping $4,400/oz. Inflation, dollar weakness, central bank buying and global uncertainty can fuel demand.

The dollar index (DXY00 ) today posted a new 2.75-month low but then recovered and is little changed. The dollar continues to trade on a weak note despite Tuesday's stronger-than-expected US GDP report of +4.3% and the reduced odds for Fed easing. The markets on Tuesday reduced the odds for...

I’m still bullish in the longer term on gold and silver based on the technicals that remain in place.