The Latest Breaking News from US Federal Reserve

Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

Asian shares have skidded after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October

The Independent UK · Jun 8

Gold extends losses on US interest rate-hike fears

Gold prices dipped on Monday, extending previous losses amid U.S. interest rate hike fears. Meanwhile, escalating tensions in the Gulf sent oil prices soaring, fueling inflation concerns. China's central bank continued to increase its gold reserves. Gold demand in India remained subdued due to price volatility. Silver and platinum prices…

The Economic Times · Jun 8

Dollar climbs to two-month peak as Fed hike bets ramp up

The dollar surged to a two-month high following a robust U.S. jobs report, intensifying expectations for a Federal Reserve rate hike this year. The yen, meanwhile, weakened significantly, nearing intervention levels as the Bank of Japan lags behind other central banks in policy normalization.

The Economic Times · Jun 8

Jerome Powell warns that the Fed's credibility is at risk

In his first public remarks since stepping down as Fed chair, Powell says the central bank is undergoing a "stress test."

Axios · Jun 7

Stocks drive record share of American wealth

An AI-driven rally is enriching Americans more than usual and exposing them to potentially painful losses from a reversal.

Axios · Jun 7

Rock-bottom immigration rates leave mark on U.S. economy

President Trump's policy-driven immigration reversal underway has few modern parallels.

Axios · Jun 7

Fed officials warn AI's economic costs may arrive faster than benefits

Some Fed officials see clearer evidence of AI-related investment boosting demand for labor, equipment and infrastructure than they do of widespread productivity gains.

Axios · Jun 7

There are early signs of renewed labor market strength during Iran war

If energy disruptions pose less of a risk to jobs, the challenge for central banks shifts from managing stagflation risks to guarding against renewed price pressures.

Axios · Jun 7

Bitcoin Price today: BTC trades over $61,000-mark after Cryptocurrency fell to historic low. Are gold, AI stocks to be blamed for world's largest crypto crash?

Bitcoin BTC Price: Cryptocurrency saw its peak after becoming market favourite since the re-election of US President Donald Trump.

The Economic Times · Jun 7

Chances Of Fed Rate Hike Increase After Blockbuster Jobs Report

May's positive jobs report could increase the chances of an interest rate hike this year.

International Business Times · Jun 6