The Latest Breaking News from US Federal Reserve

Wall Street is enjoying a reignited economy, and America’s Main Street will follow. In the UK, Labour must stick to its plan for public investment

The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won.

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…

Hedge fund whizzes are brought to their knees, as their pessimistic plays fall like dominos in the triumphant post-Fed rally. It's Wall Street's revenge saga!

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.67%. Stocks this morning are mixed after hawkish comments from...

With most analysts predicting low single-digit returns from U.S. stocks in 2024, the VanEck Gold Miners ETF and KraneShares CSI China Internet ETF are two exchange-traded funds (ETFs) that look like good buys for 2024.