The Latest Breaking News from US Federal Reserve

Asian shares are mixed in muted trading ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

Sentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.

The dollar index (DXY00 ) Thursday rose by +0.47%. The dollar posted moderate gains Thursday after bond yields rose on hawkish comments from Kansas City Fed President Schmid who said he wants to see more economic data before supporting any decision to begin cutting interest rates. Also, short covering ahead...

The Fed’s reliance on data has made it too slow in deciding whether to cut rates, which could mess up the soft landing, says Fundstrat managing partner Tom Lee.

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

Traders are betting that cooler jobs data and fading inflation pressures will lead to an outsized Federal Reserve interest-rate cut next month.

FOMC considers lowering interest rates due to easing inflation and labor market concerns.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stocks today gave up an early advance and turned mixed as bond yields...