The Latest Breaking News from US Federal Reserve

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The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. Stock indexes today are mixed, with the S&P 500 and Nasdaq 100 posting new...

Federal Reserve Chairman Jerome Powell discusses potential rate cuts to address a slowing job market and support economic growth.

The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

Federal Reserve Chairman Jerome Powell told Congress the labor market looks "fully" balanced, which is good news for rate cuts and the S&P 500.

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

September S&P 500 E-Mini futures (ESU24) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.27% this morning as market participants awaited Federal Reserve Chair Jerome Powell’s congressional testimony for insights into the U.S. interest rate outlook.

Stock Market Today: The Dow Jones fell Tuesday ahead of Fed Chief Powell testimony. Netflix and Nvidia stock received price-target hikes.

Fed Chairman Jerome Powell begins the first of two appearances on Capitol Hill later today in front of the Senate Banking Committee.