The Latest Breaking News from US Federal Reserve

Asian shares have fallen sharply after several central banks around the world cranked interest rates higher in their fight against inflation

Arizona Sen. Kyrsten Sinema is taking credit for helping broker legislation that would target executives of failed banks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday rose by +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +1.18%. U.S. stocks saw support Thursday from a rally in...

The dollar index (DXY00 ) on Thursday rose by +0.33% due to hawkish global central banks and a +7.4 bp rise in the 10-year T-note yield to 3.793%. The dollar also saw support from U.S. economic reports that were mildly stronger than expected overall. EUR/USD (^EURUSD ) fell by -0.27%,...

Two of the three major benchmarks notched gains Thursday despite hawkish commentary at home and rate hikes abroad.

Given the inflationary environment, the Fed’s committed efforts in bringing inflation down to its 2% target will likely keep the market volatile in the near term. Despite market fluctuations, fundamentally sound American Airlines Group (AAL), Air Canada (ACDVF), and Accel Entertainment (ACEL) have exhibited strong momentum. Owing to their solid…

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

While inflation exhibits signs of cooling, it still exceeds the Fed’s 2% goal. Given the possibility of additional rate hikes and an economic slowdown, it could be wise to seek refuge in relatively stable stocks to help weather the economic uncertainty. So, let’s find out if Ingredion (INGR), PC Connection…

Despite high inflation, the economy grew faster than initially estimated in the first three months of 2023. Although recession fears still linger, investors could buy fundamentally solid growth stocks Ziff Davis (ZD), Xerox Holdings (XRX), and Yext (YEXT). Keep reading.

The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market