The Latest Breaking News from Jay Powell

Sen. Rick Scott aligns with President-elect Donald Trump's agenda, emphasizing endorsements and proposals for efficient government operations.

Donald Trump is the undisputed master and commander of the popular vote, the electoral college and congress. Americans are unexpectedly at ease with the nation’s verdict. The rows and cacophony of voices over politics have died down. The late night show host Jon Stewart delivered the best explanation for this…

The Fed fund forward curve is showing an expected 25-basis point cut by the FOMC Thursday afternoon. Things get a bit cloudier after that, though.

The March Fed meeting is finally here, with Wall Street anxious to see what Jerome Powell & Co. have to say on inflation and interest rates.

"They were late raising rates but they raised very high, rapidly, to 5% which I think is the right thing," JP Morgan's Jamie Dimon said. "And they're right to take the foot off the gas on that one."

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

The debate about the upcoming Fed meeting centers around whether it will cut the funds rate by 25 or 50 basis points. But that may not be enough.

"Overall inflation data has been good enough to allow the Fed to start cutting rates this week amid a softening labor market, but do not give officials a reason to cut aggressively."

The move is widely expected – but will still be studied closely as dark clouds loom on the US horizon

The Fed will cut rates this month. The only question is by how much.

On Wednesday, investors will find out whether bulls like Dan Ives or bears like Elliott Management are right about AI demand when the chipmaker updates the market.