The Latest Breaking News from Christopher Waller

Once again, stocks rallied off lows, as hawkish Fed members took a dovish tone. But it's a tough market. Tesla rival BYD jumped on guidance.

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed’s key short-term interest rate later this month if upcoming economic data points to robust consumer spending

Federal Reserve chairman Jerome Powell is raising interest rates at the fastest pace since the 1980s. That has been easy so far because rates are low and the economy has been strong.

Asian stock markets have followed Wall Street higher after two Federal Reserve officials said the U.S. economy might avoid a recession and news reports said China might boost construction spending to stimulate its struggling economy