The Latest Breaking News from Jerome Powell

But it won't be enough to help most Americans afford a home.

These stocks could all break out following a rate cut.

The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed’s seven-member governing board, which was designed to be largely independent from day-to-day politics.

Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they are also keenly eyeing flagged talks between Donald Trump and Xi Jinping.

Senate votes 48-47 to confirm Stephen Miran as Fed governor but court rules Cook may remain in place

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting.

With markets convinced of a Fed rate cut, Powell must navigate divisions inside the FOMC over inflation, tariffs, and jobs data.

Caught between economic uncertainty and political pressure, the Federal Reserve will decide this week whether to begin cutting interest rates after nine months — and by how much.

September S&P 500 E-Mini futures (ESU25) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.08% this morning, pointing to a slightly higher open on Wall Street amid optimism ahead of a widely expected interest rate cut from the Federal Reserve later this week.