Federal Reserve

Federal Reserve policymakers unanimously decided to reduce interest rates by 25 basis points to a range of 4.5%-4.75% during their November meeting, as they expressed confidence that inflation was moving sustainably toward their 2% target, according to meeting minutes released Wednesday....

The U.S. stock market traded mixed on Tuesday morning, with major indices showing tight movements as investors awaited the release of the Federal Reserve's November meeting minutes. Reports are expected to provide fresh critical insights into the central bank's outlook for interest rates. Fed...

U.S. stocks could open on a sluggish note on Tuesday after ending in green on Monday as President-elect Donald Trump threatened to hit two of U.S.’s largest trading partners – Canada and Mexico – with tariffs. The Dollar Index strengthened and was hovering around the 107 level....

Contrary to growing concerns about potential inflationary pressures under President-elect Donald Trump‘s administration, top economist Steve Hanke dismisses fears of a significant price surge, citing monetary policy and money supply as critical factors. What Happened: In a recent interview...

U.S. stocks could get off to a positive start on Monday amid upbeat investor sentiment spurred the Dow Jones to close at a new record high on Friday. Donald Trump's Treasury Secretary pick, Scott Bessent, has been cheered by investors. The hedge fund manager told the Wall Street Journal in an...

Economist Peter Schiff has criticized President-elect Donald Trump‘s decision to pick hedge fund executive Scott Bessent as the new U.S. Treasury Secretary. What Happened: According to his post on X (formerly Twitter), Schiff took a jibe at Trump and quipped that Bessent should be called the...

U.S. stocks could open on a negative note on Friday after futures showed tentativeness on Friday. Investors turned their focus to cyclical stocks and themes, moving on from their focus on the Trump trade after the election results. Futures of the three major indices were mixed, with the Nasdaq...

U.S. stocks could open on a negative note on Thursday after AI bellwether Nvidia Corp.'s (NASDAQ:NVDA) guidance fell short of some expectations. Futures of all three major indices were down as investors processed the AI giant's earnings. Other chip makers like Qualcomm Inc. (NASDAQ:QCOM), Intel...

As geopolitical tensions escalate in the Middle East, Ukraine has launched U.K.-made Storm Shadow missiles into Russia and the Kremlin has loosened its policy for using nuclear weapons. However, Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald...

Federal Reserve Governor Michelle W. Bowman cautioned on Wednesday that inflation remains a significant concern and suggested that interest rates may already be closer to a “neutral” level than policymakers currently realize. Speaking at the Forum Club of the Palm Beaches in West Palm...

After the U.S. headline and core consumer price inflation rose in October, and the Federal Reserve Chairman suggested that a December rate cut may not be necessary, treasury yields have risen, and inflation concerns have gripped the economy once again. Gordon Johnson, chief executive officer and...

U.S. stocks could open on a tentative note on Wednesday amid simmering geopolitical tensions. Futures of all three major indices were marginally up as investors weighed escalating tensions between Russia and Ukraine, and earnings from AI bellwether Nvidia Corp. (NASDAQ:NVDA). U.S. equity markets...

ARK Invest CEO Cathie Wood popularly known for leading ARK Innovation ETF (NYSE:ARKK) has raised alarm bells about the state of auto loans in America, noting that 90-day delinquency rates have now exceeded levels seen during the 2009 financial crisis. What Happened: Wood’s comments came in...

Kansas City Fed President Jeffrey Schmid said Tuesday that the future path of interest rates remains unclear, with uncertainty surrounding how much further they could fall or where they might stabilize, particularly given factors like productivity, demographics and the rising national debt....

U.S. stocks could open on a negative note on Tuesday after the averages maintained a cautious stance last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. Economic data and Federal Reserve chair Jerome Powell's comments about...