The Latest Breaking News from Jerome Powell

Bitcoin hit a 20-month high last week thanks to positive sentiment around impending spot ETFs.

"The risk of recession is, in my view, quite low. We're at 15% in the next 12 months."

U.S. stocks rallied sharply in November, which lowers the odds of a "Santa Claus" rally in December. Markets might still see some upward movement during the month, though, as valuations don't seem too high - if not outright cheap.

The capital regulation plan known as Basel III Endgame will increase capital requirements by 20% or more for the eight largest U.S. banks.

"The primary risk that could knock us off course is a Federal Reserve that remains fixated on inflation fears."

Pope Francis continues to be the only Latino to ever receive the magazine's award in 2013

December S&P 500 futures (ESZ23) are down -0.34%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.46% this morning as U.S. Treasury yields climbed at the start of a busy week of economic data, with all eyes on Friday’s nonfarm payrolls report that could influence the outlook for U.S.…

Bitcoin was up 5.2% for the week, followed by the Russell 2000 small caps index, which was up 3.5%. These gains outperformed the 0.2% tech-heavy Nasdaq 100 Index gains and the S&P 500 index's 0.9% gains.

Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.