The Latest Breaking News from US Federal Reserve

Anticipation of rate cuts in the Unites States has buoyed Wall Street traders, with the positive outlook flowing onto the Australian share market.

Leading cryptocurrencies diverged from stocks on Monday, as risk appetite eased ahead of the Federal Reserve’s interest rate decision.

Decision comes before Fed policy meeting where officials are expected to cut US interest rates

In a major setback for President Donald Trump, a U.S. Appeals Court for the District of Columbia denied an emergency motion to remove Federal Reserve Governor Lisa Cook, allowing her to participate in this week’s Federal Open Market Committee meeting.

The ruling comes ahead of the Fed's two-day policy meeting that starts Tuesday.

Senate votes 48-47 to confirm Stephen Miran as Fed governor but court rules Cook may remain in place

Miran is considered likely to further Trump's arguments for lower interest rates.

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.84%. September E-mini S&P futures (ESU25 ) rose +0.43%, and September E-mini Nasdaq futures...

Investors are closely monitoring the Federal Reserve's two-day policy meeting, set to conclude Wednesday. Market expectations are high for a 25 basis-point interest rate cut, with the probability of such a move near 100%.

The Nasdaq Composite and S&P 500 hit new record closing highs as Wall Street awaits the Fed's next rate cut.

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting.