The Latest Breaking News from Jerome Powell

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflation

The stock market has been down following Fed Chair Jerome Powell’s Jackson Hole speech that signaled continued monetary policy tightening. We think in this current volatile backdrop, people planning their retirement savings in their 30s should invest in fundamentally sound dividend-paying stocks Pfizer (PFE) and Costco (COST). Read more….

The S&P 500 index, as well as the components in it, tend to move in streaks both on the upside and downside. Paying attention to a streak in the index may assist investors in the challenging task of catching turns in market momentum.

Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it

US markets tumbled this week after the Federal Reserve chair made a hawkish rates speech, while BHP shares dragged down the ASX

Australian shares have fallen sharply to touch their lowest level in five weeks, while mining stocks have declined and major banks have tracked a sell-off on Wall Street.

The recent 18% rally for the S&P 500 (SPY) was a flight of fancy. Fed Chairman Powell made sure that message was heard loud and clear from the mountain tops in Jackson Hole. This sets up for an interesting fork in the road where dropping back down the June lows…

Federal Reserve Chair Jerome Powell’s recent Jackson Hole speech has warned investors of further monetary policy tightening. With the rising possibility of a recession and high volatility, we think these dividend-paying ETFs, Energy Select Sector SPDR (XLE), SPDR S&P Dividend (SDY), and Vanguard Utilities (VPU), might be ideal for building…

Contrary to 2021, when equity markets were in a bull run, 2022 has served as a not-so-gentle reminder that the stock market does not give free gifts. The macro attitude that is pushing the markets lower has been influenced by worries about a recession, geopolitical tensions, the energy crisis, and…

A rising inflation rate has been a drag on the U.S. stock market for much of 2022. The Fed’s recent moves to curb inflation by raising interest rates multiple times may have kept inflation from growing much worse.