The Latest Breaking News from US Federal Reserve

JPMorgan Now Expects September Fed Cut Instead Of December—Jobless Claims Surge, Trump Nomination Adds New Twist

JPMorgan Chase Co. has moved up its forecast for the first Federal Reserve rate cut to September, abandoning its previous December timeline as labor market data weakens and political dynamics shift within the central bank.

Benzinga · Aug 8, 2025

Trump picks top economic aide Stephen Miran for Federal Reserve board

Miran will take the spot vacated by Adriana Kugler if his appointment is approved by the Senate.

Euronews · Aug 8, 2025

Elizabeth Warren Has 'Tough Questions' For Trump's Fed Board Pick, Calls Stephen Miran Chief Architect Of 'Chaotic Tariff Policy'

Sen. Elizabeth Warren (D-Mass.) said Thursday she has "tough questions" for Stephen Miran after President Donald Trump announced he would nominate the White House's top economist to a short-term seat on the Federal Reserve's Board of Governors.

Benzinga · Aug 8, 2025

Reports of Waller as New Fed Chair Seen as Dollar-Supportive

The dollar index (DXY00 ) on Thursday rose by +0.23%. The dollar recovered from a 1.5-week low today and turned higher on reports that President Trump was seen as favoring Fed Governor Waller to be the new Fed Chair. The appointment of Waller as Fed Chair would ease market concerns...

Barchart · Aug 7, 2025

Rate Cut Buzz Grows: Are These ETFs Gearing Up For A Fed Pivot?

As cracks start appearing in the U.S. labor market and the rate-cut talk gains momentum, investors are quietly shifting into historically “dull” but stable sectors like consumer staples, utilities, and real estate. ETFs focused on these sectors are gaining attention as macroeconomic uncertainty increases and yield-hungry investors seek stability with…

Benzinga · Aug 7, 2025

Stocks Turn Mixed After an Early Rally

The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.44%. September E-mini S&P futures (ESU25 ) are down -0.04%, and September E-mini Nasdaq futures...

Barchart · Aug 7, 2025

Dollar Pushes Higher After US Labor Cost Report

The dollar index (DXY00 ) today is up by +0.19%. The dollar recovered from a 1.5-week low today and turned higher as short covering emerged after the US unit labor cost report was slightly stronger than expected, which was negative for the inflation outlook and hawkish for Fed policy. The...

Barchart · Aug 7, 2025

Trump's Pick For Fed Chair: Christopher Waller Emerges As Frontrunner

Federal Reserve Governor Christopher Waller is now seen as the frontrunner to replace Jerome Powell as the next Fed chair, according to sources close to the Trump team.

Benzinga · Aug 7, 2025

Stocks Rally on Positive Tariff News ad Rate Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) today is up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.71%. September E-mini S&P futures (ESU25 ) are up +0.53%, and September E-mini Nasdaq futures...

Barchart · Aug 7, 2025

Unemployment Claims Rise–And That's A Problem For The Fed

After more than a month of steady declines in weekly jobless claims, the first signs of weakness are starting to emerge, as a rise in unemployment is once again drawing attention to the disappointing jobs report released last week.

Benzinga · Aug 7, 2025