The Latest Breaking News from US Federal Reserve

Digital asset investment products saw $3.75 billion in inflows last week, the fourth-largest on record, propelling total assets under management (AuM) to a new peak of $244 billion, according to CoinShares.

U.S. stocks settled higher on Friday, with the Dow Jones index jumping more than 800 points during the session following speech by Federal Reserve Chair Jerome Powel at the central bank’s annual Jackson Hole Symposium.

U.S. stock futures fell on Monday following Friday’s advances. Futures of major benchmark indices were lower.

September S&P 500 E-Mini futures (ESU25) are down -0.24%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.32% this morning, pointing to a slightly lower open on Wall Street after last Friday’s rally as some of the optimism around expectations for Federal Reserve interest rate cuts faded.

Leading European stock indexes opened lower on Monday following a major rally on Friday across the US markets. UK trading remained closed for a bank holiday.

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

On Sunday, in a post on X, The Kobeissi Letter highlighted the mounting pressure of interest payments for the U.S. government, saying that the Federal Reserve may have to slash interest rates substantially to prevent debt servicing from spiraling out of control.

U.S. stock futures are down marginally on Sunday evening following Fed Chair Jerome Powell’s dovish comments on Friday, during the Federal Reserve’s annual Jackson Hole symposium, where he hinted at a potential rate cut in September.

Wall Street’s faith in the staying power of AI as an investment thesis will be put to the test when Nvidia reports quarterly earnings on Wednesday.

Americans continue to face new and complex financial challenges. While inflation has come down after peaking at 9.1% just three years ago, it still remains elevated and well above the Federal Reserve's goal of 2%.

The U.S. labor market is showing its most significant signs of strain in nearly four years, with the number of Americans continuing to draw unemployment benefits climbing to its highest point since November 2021.