The Latest Breaking News from US Federal Reserve

The local share market has finished 0.2 per cent lower after a Federal Reserve official pushed back on the idea of rate cuts in early 2024.

This upcoming week is pretty quiet heading into the Holiday with some consumer data and some housing information due out throughout the week.

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

Unleash the rollercoaster world of stocks as the epic Treasury rally may be hitting a yield sign. Fed's pivot potentially priced in, might just be time to ...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.52%. Stocks on Friday finished steady to slightly higher, with...

The dollar index (DXY00 ) on Friday rose by +0.55% as it rebounded from Thursday’s 4-1/4 month low. Hawkish Fed comments Friday that pushed back against imminent Fed rate cuts gave the dollar a boost. Also, the weakness in stocks Friday increased liquidity demand for the dollar. Friday’s U.S. economic...

“The rate momentum is as good as the trajectory of economic data,” said Mortgage News Daily’s chief operating officer, Matthew Graham.

The stock market rally this year leaves little room for growth—unless you’re looking at smaller companies, noted Fundstrat Global Advisors cofounder Tom Lee.

If you were to ask Chairman Powell if there is a “dovish tilt” by the Fed who would say emphatically no. That is because they are open to raising rates again if needed. However there is ample reason for investors to call his bluff given numerous facts in hand that…