The Latest Breaking News from Jerome Powell

The Dow Jones rose Wednesday ahead of the Federal Reserve rate decision and Fed Chair Jerome Powell's comments. Nvidia stock rebounded.

In the last couple of months, the Fed's favored inflation has ticked higher, moving away from the bank's long-term target of two percent, and raising concern that the battle against inflation is not over.

The Federal Reserve is adjusting interest rates cautiously due to economic growth and inflation concerns.

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

Wall Street has been bracing for a hawkish Federal Reserve meeting outcome, but maybe not hawkish enough.

The Federal Reserve is expected to cut its key interest rate by 25 basis points on Wednesday.

December S&P 500 E-Mini futures (ESZ24) are trending down -0.45% this morning as investors braced for the start of the Federal Reserve’s two-day policy meeting while also awaiting a new batch of U.S. economic data, with a particular focus on the retail sales report.

December S&P 500 E-Mini futures (ESZ24) are trending down -0.22% this morning as investors braced for the start of the Federal Reserve’s two-day policy meeting while also awaiting a new batch of U.S. economic data, with a particular focus on the retail sales report.

Two of the three main equity indexes closed higher on the first day of the final Fed Week of 2024.

It appears Fed staff are erring on the side of caution, according to the New York Times, which cited people familiar with the matter.