Federal Reserve

The October employment report released Friday morning showed the U.S. economy added only 12,000 jobs in October, well-below estimates of 113,000 and the lowest monthly pace since December 2020. Economists are weighing in on the impact of the hurricanes on the report and the potential for future...

A hiring freeze in October lifted market expectations for a Federal Reserve interest rate cuts, providing relief to U.S. stocks after Thursday's decline. The U.S. economy added only 12,000 jobs in October, 211,000 fewer than in September. This marked the lowest monthly pace since December 2020 and...

Investors on Wall Street could see some respite after major indices registered a downbeat session on Thursday. Index futures point to a positive start on Friday, ahead of the crucial monthly report on jobs data. Thursday was a busy day as far as tech earnings are concerned, with Apple Inc. (NASDAQ:...

The SPDR Gold Trust (NYSE:GLD), the largest physically backed gold ETF, saw a significant influx of capital this month as economic and policy uncertainties surrounding the upcoming U.S. presidential election drive investors toward safe-haven assets. GLD’s assets under management reached $79.7...

Risk aversion swept across markets on Thursday as investor disappointment over third-quarter tech earnings triggered the steepest drop in major U.S. indices in nearly two months. Microsoft Corp. (NYSE:MSFT) plummeted over 5% by midday trading in New York, on track for its worst session in two years...

A 0.25% interest rate cut at the Federal Reserve’s Nov. 7 meeting, just two days after the U.S. presidential election, is almost fully priced in by markets, with another similar cut likely in December as cooling inflation allows the Fed to gradually ease its policy stance. The latest...

Editor’s note: This story has been updated with additional details. Traders faced an unwelcome Halloween threat on Thursday as the Federal Reserve’s favored inflation measure accelerated, raising some concerns on the likelihood of back-to-back interest rate cuts going into the final...

The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditure (PCE) price index, is set to be released on Thursday at 8:30 a.m. ET. Investors and policymakers alike are hoping the data will reaffirm the current disinflationary trend, which could solidify expectations for...

The U.S. economy grew at a robust 2.8% in the third quarter, but beneath the strong headline number, economists see diverging forces at play. While the gross domestic product (GDP) growth rate marked a slight slowdown from the 3% pace recorded in the second quarter and came in also below the...

Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note. Search and advertising giant Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) kicked off the highly anticipated tech earnings week on a strong note. The...

Larry Fink, the CEO of BlackRock Inc., has projected that the U.S. Federal Reserve will not reduce interest rates as significantly as the market anticipates, citing high “embedded inflation.” What Happened: Speaking at a CEO-packed panel in Riyadh, Saudi Arabia, Fink, who manages a...

Consumer confidence in the U.S. economy soared in October, marking the strongest month-over-month increase since March 2021, according to the Conference Board’s latest report. The Consumer Confidence Index jumped to 108.7, up significantly from 99.2 in September and well above economist...

As the 2024 U.S. presidential election approaches, the impact of each candidate’s fiscal policies on the national debt is drawing attention. Both former President Donald Trump and Vice President Kamala Harris have proposed expansive tax and spending measures that would deepen the debt —...

Gold prices surged 1% on Tuesday, hitting a new all-time high of $2,770 per ounce, as investors pour into the commodity amid mounting concerns over ballooning deficits and political uncertainty. Up 34.2% year-to-date, gold is on track for its strongest annual performance since 1979, the third best...

As Halloween approaches, LPL Financial warns of six major risks that could spook markets and drive volatility higher in the coming months. In a note shared with clients on Monday, LPL's analysts—including chief equity strategist Jeffrey Buchbinder, chief economist Jeffrey Roach, chief global...