The Latest Breaking News on Jerome Powell

Powell faces backlash for suggesting that unemployment likely needs to rise to ease wage growth and tame surging prices.

Stock futures edge higher ahead of Thanksgiving break; Fed minutes in focus as inflation messaging begins to fray; HP gains on cost cut plans, solid Q4 earnings; Nordstrom slumps after lowering profit outlook after Q3 earnings beat and Manchester United surges as Glazer family explores sales of famous football club.

Pound surges and stock markets rebound as US consumer price index drops from 8.2% to 7.7% in October

The SPDR S&P 500 (NYSE: SPY) is moving higher Thursday morning after the Labor Department reported a 7.7% year-over-year increase in the consumer price index for October.

The Fed’s aggressive monetary policy stance is expected to fuel a recession next year. While the stock market is expected to remain under pressure in the upcoming months, the recession could have long-term consequences for fixed-income securities, precious metals, and companies working on disruptive innovations. Therefore, long-term investors should avoid…

The stock market’s short-term fate is riding on something that’s been a major boon for equities for more than 70 years: US midterm elections.

The world’s most aggressive and synchronized monetary policy tightening in 40 years is entering a new phase as central banks prepare to slow the pace of interest-rate increases and break ranks over how much further they’ll go.

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

Let's check in on our cousins in the United States in the dying days of the 2022 midterm campaign. Both the House of Representatives and the Senate sit uncomfortably on a knife's edge.