The Latest Breaking News from Jerome Powell

Federal Reserve Chair Powell delays interest rate cuts due to high inflation, signaling potential for higher rates in the future.

Federal Reserve Chairman Powell and Treasury Secretary Jefferson to discuss 'restrictive' monetary policy in response to strong economic data, focusing on ...

The fight against inflation is far from over and could reduce the chances of interest rate cuts for this year.

Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.

The labor market is strengthening, and that shouldn’t worry Fed policymakers.

A whopper of a jobs report could complicate the Fed's rate-cut plans.

US hiring rose much more than expected last month, according to government data published Friday, increasing the chances that the Federal Reserve will remain on pause for longer as it weighs when to start cutting interest rates.

Unemployment rate at 3.8% while job gains well above the 192,000 economists expected for the month

June S&P 500 E-Mini futures (ESM24) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.43% this morning as investor attention turned to crucial U.S. jobs data due Friday after Fed Chair Jerome Powell reiterated that the central bank will likely reduce rates this year.

June S&P 500 E-Mini futures (ESM24) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.43% this morning as investor attention turned to crucial U.S. jobs data due Friday after Fed Chair Jerome Powell reiterated that the central bank will likely reduce rates this year.

An equities rally that started at the back end of 2023 has stuttered in recent weeks after a string of reports suggested the economy was too strong and prices too sticky for officials to begin easing monetary policy this year.