The Latest Breaking News from US Federal Reserve

Just as investors were celebrating the good news brought by the NVDA earnings beat...along came news of better than expected economic growth from a typically little followed economic report. Next thing you know bond rates are rising and the S&P 500 (SPY) is tumbling over 1% to recent highs to…

The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.36%. US stock indexes today are moderately higher as they recover some of Thursday’s losses....

With elevated inflation, the Federal Reserve will likely delay the forecasted rate cuts. Interest rates remaining higher for longer could lead to several challenges for the U.S. banking industry. Given this backdrop, investors could consider looking beyond borders to buy quality foreign bank stocks: Barclays (BCS), Akbank (AKBTY), and Deutsche…

Following a sweeping vote to pass FIT21, the House has now passed H.R. 5403, which effectively bans the U.S. central bank from issuing a CBDC that Republican members believe might be used by the government to surveil the financial activities of the American public.

June S&P 500 E-Mini futures (ESM24) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.30% this morning, rebounding from yesterday’s slump prompted by strong U.S. economic data, which heightened speculation that the Federal Reserve might keep rates on hold for most of this year.

Markets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.44%. US stock indexes Thursday settled moderately lower, with the S&P 500 falling to a...

The dollar index (DXY00 ) Thursday rose by +0.15%. The dollar on Thursday recovered from early losses and rallied to a 1-week high after better-than-expected US economic reports bolstered the outlook for the Fed to delay interest rate cuts further. Weekly US jobless claims fell more than expected and the...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.37%. US stock indexes today are lower this afternoon, with the Dow Jones down more...

“It’s ambiguous to me today, at best, whether a higher [interest] rate helps bring down inflation versus actually contributes to it,” Rick Rieder told Fortune.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. US stock indexes today are mixed, with the Nasdaq 100 posting a new record...