The Latest Breaking News from US Federal Reserve

The ASX200 has finished at its highest-ever level for the second time this month after Jerome Powell told Congress rate cuts are likely this year.

Bond market volatility rises as inflation concerns unsettle investors ahead of Powell's testimony.

Oil prices rose 2% on lower US crude inventories and Fed rate cut expectations, reflecting market uncertainty and geopolitical tensions.

President Biden will tout his “decisive action” on the economy during his State of the Union address, a White House official said.

The strong US economic expansion in 2023, surpassing GDP estimates, is expected to benefit the financial industry by boosting lending, investment activity, and profitability for financial institutions. Hence, fundamentally solid financial stocks ORIX Corporation (IX), FLEETCOR Technologies (FLT), and Jiayin Group (JFIN) might be ideal buys for solid gains. Read…

Powell addresses economic uncertainty and the Fed's stance on interest rates and inflation and providing insights on monetary policy.

The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the country's central bank told lawmakers in Washington Wednesday, on the first of two days of hearings in Congress.

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.65%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.84%. Stock indexes this morning are moderately higher as bond yields fell after the...

Learn about the factors influencing the strength of the U.S. dollar and how the Federal Reserve's decisions impact its value in global markets.