The Latest Breaking News from Jerome Powell

Investors’ sentiments improved in recent weeks amid the steady cooling of inflation, the Fed’s downshift on tightening, and easing recession fears. Additionally, a strong job report suggests economic resilience. Amid this, investors should invest in quality stocks Coca-Cola (KO) and Archer-Daniels-Midland (ADM), which possess solid long-term potential. Keep reading….

Despite the recent positive macro data, the recession possibility remains as the Federal Reserve is expected to keep hiking rates until its target is met. So, dividend-paying healthcare stocks Novartis (NVS) and Takeda Pharmaceutical (TAK) could be stable investment options to safeguard your portfolios. These stocks are trading under $100.…

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

The pandemic shocks have reshaped the very fabric of the economy.

Last week it was the Federal Reserve’s Open Market Committee shaping monetary policy and investor expectations. In the week ahead, it will be the Fed’s open mouth practices at work.

Jerome Powell has lost some of his focus when it comes to fighting inflation, UBS's chief investment officer said.

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.