The Latest Breaking News from US Federal Reserve

The markets have priced in a 99.8% chance of a 25 basis point rate hike at the July 26th FOMC meeting. The data the Fed is looking at may say otherwise!

September S&P 500 futures (ESU23) are up +0.25%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.36% this morning after three major U.S. benchmark indices closed mixed on Thursday as market participants digested a mixed slate of corporate earnings and parsed through economic data that underscored the continued strength…

The Federal Reserve debuted a new payments system designed to speed up the movement of money among banks around the U.S., the central bank’s first new network in decades.

The dollar index (DXY00 ) Thursday rallied to a 1-week high and rose by +0.57%. A jump in bond yields Thursday supported the dollar. Also, signs of strength in the U.S. labor market are hawkish for Fed policy and bullish for the dollar after weekly initial unemployment claims unexpectedly fell...

The average long-term U.S. mortgage rate slipped this week to the lowest level in four weeks, a boost for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale

The U.S. dollar has been the world’s reserve currency for decades. The dollar index measures the U.S. foreign exchange instrument against the other reserve currencies. Meanwhile, a dramatic shift in the geopolitical landscape could reduce the dollar’s dominant role, causing the index to drop and become less significant in global…

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.45%. Stocks are mostly lower today, although the Dow Jones...

The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks

FedNow, the Federal Reserve's real-time payment system works with banks and service providers to facilitate instant transactions 24 hours a day, 365 days a year.

September Nasdaq 100 E-Mini futures (NQU23) are down -0.67% this morning as disappointing earnings results from U.S. heavyweights Tesla and Netflix weighed on sentiment, while investors looked ahead to the next round of corporate earnings.

The White House wallowed in a bit of good news last week when the Labor Department revealed that inflation in June had cooled to its lowest pace — 3% — in more than two years. Still, Fed officials have signaled that another rate hike is coming because they don’t want…