Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested ...
The Mercury1h
Powell: Fed’s independence from politics is vital to its interest rate decisions
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve’s ability to set interest rates free of ...
Stock market today: Indexes notch fresh records as Powell voices optimism on the US economy
Markets were encouraged by Powell's comments on the economy. The Dow closed about 45,000 for first time ever, while the S&P ...
Inflation threatens Fed rate-cut expectations once again. Here's why.
Inflation is back in the spotlight and could supplant this week's jobs data when it comes to how traders, investors and officials at the Federal Reserve think about further interest-rate cuts. The ...
Fed Chair Powell Acknowledges Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the ...
Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates.
Traders stick with December rate-cut view after Powell speaks
Fed-funds futures traders continued to cling to the likelihood of a quarter-point rate cut at the Federal Reserve's next meeting in two weeks, even after Fed Chair Jerome Powell said officials can be ...
US services sector comes off the boil in November, prices stay high
U.S. services sector activity slowed in November after posting big gains in recent months, but remained above levels ...
Powell remarks watched for sign of pushback or support of Fed rate cut
U.S. Federal Reserve Chair Jerome Powell speaks on Wednesday with key jobs data due Friday, a "quiet" period for Fed ...
Market expects a December rate cut
The chances of a Fed rate cut of 25 basis points in two weeks were pegged at 73.8% ahead of Fed Chair Powell's remarks, according to the CME FedWatch tool. "The question is whether he \[Powell\] again ...
December Rate Cut Still Up For Debate: US Fed Official
A December interest rate cut is still up for debate, a senior US Federal Reserve official said Tuesday, suggesting that another rate reduction is not a foregone conclusion.
Dollar Edges Lower After Remarks From Fed's Waller
The dollar was edging lower as investors price in a higher chance of a Federal Reserve interest-rate cut this month following ...