The Latest Breaking News from US Federal Reserve

December S&P 500 E-Mini futures (ESZ25) are down -0.35%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.65% this morning as Oracle rekindled worries about the massive spending tied to artificial intelligence, overshadowing optimism over the Federal Reserve’s latest interest-rate cut.

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

Market rebound and improving sentiment are creating ideal conditions for breakout setups, with the S&P 500 just 1% off its highs ahead of a likely Fed rate cut.

The Federal Open Market Committee lowered the federal funds rate for the third meeting in a row despite elevated inflation.

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each month.

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.42%. December E-mini S&P futures (ESZ25 ) rose +0.66%, and December...

This comes as the Senate tees up a vote on its plan for its own health care bill

The basic questions for market participants and policymakers remain the same after a widely expected Fed rate cut.