The Latest Breaking News from US Federal Reserve

Stocks are set to extend their recent run of record highs Friday but face a key test with the June jobs report.

September S&P 500 E-Mini futures (ESU24) are up +0.04%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.11% this morning as trading resumed after the Independence Day holiday, with market participants bracing for the all-important U.S. payrolls reading due later in the day.

Asian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.

The ASX200 has risen 1.2 per cent to hit a nine-day high while the Australian dollar rose above 67 US cents for the first time since January.

President Joe Biden may have a challenge bigger than his disastrous debate performance to overcome this fall.

Members of the US Federal Reserve's rate-setting committee said last month that the bank's employment and inflation goals were moving into "better balance," with some calling for "patience" on interest rate cuts, according to minutes of the meeting published Wednesday.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.87%. Stock indexes Wednesday settled mixed in the holiday-shortened session, with the S&P 500 and...

The dollar index (DXY00 ) Wednesday fell by -0.33% and posted a 3-week low. The dollar came under pressure Wednesday on weaker-than-expected US labor market news that showed a smaller-than-expected increase in the Jun ADP employment and a jump in weekly continuing unemployment claims to a 2-1/2 year high, a...

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling