The Latest Breaking News from US Federal Reserve

Stocks fluctuated in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.

The Wall Street consensus call is that the Federal Reserve will cut interest rates 0.25 percentage point next month.

Preliminary data from the Bureau of Labor Statistics shows job growth was lower than previously estimated.

Federal Reserve likely to cut interest rates in September due to cooling inflation. Market anticipates positive impact on borrowing and stocks.

The dollar index (DXY00 ) Wednesday fell by -0.31% and posted a new 7-1/2 month low. Strength in stocks Wednesday reduced liquidity demand for the dollar. Also, the larger-than-expected downward revision to US payrolls for the year ended in March showed less job growth in the US labor market than...

The Nobel Prize-winning former Chair of the Federal Reserve is known for his leadership during the Financial Crisis of 2007–2008.

The dollar should be relatively strong, yet it’s close to its 2024 low.

The downgrade has raised concerns the US economy is slowing and the Fed has waited too long to cut interest rates.

Federal Reserve minutes reveal potential rate cut to support economic growth amidst cooling inflation. Policymakers weigh various factors for informed deci...