The Latest Breaking News from US Federal Reserve

Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since

Asian benchmarks are trading mostly higher after the United States House approved a debt ceiling and budget cuts package, avoiding a default crisis

Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.41%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -0.70%. Stock indexes Wednesday posted moderate losses. Global economic concerns...

Reserve Bank analyses whether interest rates will need to be pegged higher longterm, to keep inflation down. Jonathan Milne reports.

The major benchmarks spent most of Wednesday in the red as the House prepares to vote on the debt ceiling deal this evening.

The dollar index (DXY00 ) on Wednesday rose +0.14% and posted a 2-1/2 month high. The dollar saw support Wednesday as weakness in stocks boosted the liquidity demand for the dollar. However, dovish comments from Fed Governor Jefferson and Philadelphia Fed President Harker tempered the dollar’s rally when they signaled...

Emerging countries are often collateral damage to the Fed’s interest rate hikes—and now more of those countries want to insulate themselves from that volatility.

Resurging concerns about the Fed’s hawkish stance to tame stubbornly high inflation and recessionary fears have weighed heavily on investors’ sentiments. Therefore, it could be wise to own fundamentally strong stocks Biogen (BIIB), Celestica (CLS), and Biglari Holdings (BH) that look poised to maintain their momentum. Read on….

Even as the Fed brightens on inflation, Dimon says to brace for more “volatility” ahead.

Soaring recessionary concerns and associated uncertainties could keep the stock market in a tight spot. Therefore, investors looking for a stable return can watch quality dividend-paying stocks QUALCOMM (QCOM) and AvalonBay Communities (AVB) now. However, dividend stock The Southern Company (SO), with bleak fundamentals, might be best avoided. Read on….