Jerome Powell

Leading economists are reacting to the Federal Reserve’s decision to cut interest rates by 25 basis points on Wednesday, with some lauding the central bank’s independence, and others warning of difficult times ahead. A Perceived Shift In The ‘Balance of Risks’ Economist...

The Federal Reserve is widely expected to lower interest rates by 25 basis points later on Wednesday, bringing the federal funds target to 4.00%-4.25%—a policy shift that, while highly anticipated, may offer little fuel to a stock market already trading at all-time highs if history is any guide....

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September. This would mark the first cut since December 2024 and would come with stock market indexes at all-time highs. Read Also: Trump’s Billionaire Backer Turns Critic — Ken Griffin...

Former Bureau of Labor Statistics Commissioner Erica Groshen defended the agency's recent payroll revision that shaved 910,000 jobs off its March estimate, describing it as “unusually big” but well within the bounds of standard practices at the bureau. Payroll Revisions ‘Not The...

The chair of the Federal Reserve commands one of the most powerful positions in global finance. Whoever holds the role doesn't just steer U.S. monetary policy – but shapes the trajectory of the world's reserve currency, influencing everything from the cost of mortgages in Arizona, to the price of...

Economist Larry Kudlow predicts President Donald Trump will make big moves at the Federal Reserve when Chairman Jerome Powell steps down. What Happened: Kudlow, who served as Director of the National Economic Council from 2018 to 2021 under Trump, shared his view on the independence of the Federal...

The Federal Reserve's long-awaited pivot toward easing monetary policy is almost here, with a September interest-rate cut now "a near certainty", according to Jeremy Siegel, Wharton professor emeritus and WisdomTree chief economist. And that's just the beginning, he says. In recent commentary,...

The stunning 911,000-job downward revision from the Bureau of Labor Statistics has prompted President Donald Trump to once again slam the Federal Reserve as dangerously behind the curve—questioning whether it's already too late to fix the damage. In a post on Truth Social on Tuesday, Trump blamed...

After surging to an all-time high of $3,500 per ounce in April, gold has cooled off, building a narrow base between $3,200 and $3,400. Rather than signaling exhaustion, this consolidation has formed an ascending triangle, a pattern that often precedes an upside breakout. If that structure unfolds,...

NVIDIA Corp.'s (NASDAQ:NVDA) blockbuster 90% run up from April lows has started to cool at a critical time. With the company set to report Q2 earnings on Wednesday after the close, the technical breakdown should be watched closely by investors.   NVDA stock is flat ahead of earnings. See...

The Fed may be ready to cut in September, but the bond market? Not exactly throwing a party. Macro strategist Jim Bianco, president of Bianco Research, warned that the bond market—particularly long-dated Treasuries—is sending a clear message: It doesn’t want these rate cuts. TLT ETF is down...

Retail investors have expanded the recent "meme stock" surge, which began with Opendoor Technologies, Inc. (NASDAQ:OPEN), to two new targets: Offerpad Solutions, Inc. (NASDAQ:OPAD) and Inno Holdings, Inc. (NASDAQ:INHD). Here's what to know:  INHD stock is on fire. Watch the real-time price action...

Fed Chair Jerome Powell just handed Wall Street a high-stakes bet: he's willing to tolerate higher inflation in the short run if it means keeping the labor market afloat. DIA ETF hit new all-time highs after Powell’s speech. Check the chart here. And investors? They're running with it. In...

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. Search interest in "unemployment benefits" has also climbed near multi-month highs,...

The financial world was abuzz on Friday as Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut in September, sparking a significant rally on Wall Street. What Happened: Powell’s dovish tone during his much-anticipated speech led to the largest cross-markets...