The Latest Breaking News from US Federal Reserve

At the Federal Reserve’s annual Jackson Hole Economic Symposium on Friday, Fed Chairman Jerome Powell said the central bank's plan to cut inflation to 2% will cause "some pain" for U.S. households.

Despite the market’s massive decline since the beginning of the year on concerns over macroeconomic and geopolitical issues, Elevance Health (ELV), Waste Management (WM), and Coca-Cola FEMSA (KOF) continued to soar and are currently trading above their moving averages. Since these stocks are expected to maintain their momentum based on…

Investors’ concerns over the possibility of a recession due to an elevated inflation level and the Fed’s interest rate hikes are expected to keep the stock market under pressure in the near term. Given the backdrop, investors could consider buying these two non-cyclical ETFs, iShares U.S. Utilities ETF (IDU) and…

U.S. stocks extended losses toward the end trading, with the Dow Jones dropping more than 700 points on Friday.

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping over 300 points on Friday.

The job market has become the Schrödinger’s cat of the American economy.

Federal Reserve Chair Jerome Powell signaled the U.S. central bank is likely to keep raising interest rates and leave them elevated for a while to stamp out inflation, and he pushed back against any idea that the Fed would soon reverse course.

Federal Reserve Chair Jerome Powell signaled the U.S. central bank is likely to keep raising interest rates and leave them elevated for a while to stamp out inflation, and he pushed back against any idea that the Fed would soon reverse course.

US stock markets nosedive as Jerome Powell says at top bank summit the ‘overarching focus is to bring inflation back down’