The Latest Breaking News from Jerome Powell

June S&P 500 E-Mini futures (ESM25) are down -0.84%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.52% this morning, pointing to a continued selloff on Wall Street following U.S. President Donald Trump’s announcement of sweeping tariffs, while investors await the key U.S. payrolls report and remarks from Federal…

“What people are feeling is not just vibes,” Scanlon said. “There’s real data to support a downturn.”

“If you believe the latest survey data…you would think the economy is on the cusp of a recession,” said Jeffrey Roach, LPL Financial chief economist.

There's a rotation happening right now in these three ETFs, caused by the latest commentary from the FOMC meeting suggesting more inflation ahead.

ANALYSIS: Analysis: Trump’s continued attack on the powers of the other two branches of government received nary a peep, Eric Garcia writes.

Traders took heart from Fed boss Jerome Powell's comments that the impact of hefty levies imposed on imports from key partners would likely be transitional, and from officials' forecasts that did not see a feared recession this year.

The president urged the Fed to lower rates after the central bank said tariffs make things too uncertain

The Fed’s consensus for GDP growth dropped from 2.1% to 1.7% after its latest round of economic forecasts published Wednesday.

The Fed’s slowness to catch the inflation surge that began during the pandemic has earned it scads of criticism. Is this time different?