The Latest Breaking News from Jerome Powell

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

Major cryptocurrencies traded with mixed results on Sunday evening, reacting to Federal Reserve Chair Jerome Powell’s speech

The July personal consumption expenditures (PCE) index and the August jobs report are just two key data points on this week's jam-packed economic calendar.

September S&P 500 futures (ESU23) are up +0.18%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.26% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while also awaiting Friday’s nonfarm payrolls report.

Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates

Business & Investing: Kiwi dollar falls to US 59 cents as the Federal Reserve chief Jerome Powell promises to renew his historic inflation fight. Andrew Patterson reports.

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

As the world has become increasingly interconnected, the global financial markets offer many opportunities for savvy traders. One such opportunity lies in the Euro currency as it aimlessly muddles, attempting to find direction. Can a small window seasonal pattern provide a trade in the Euro currency?

Stocks popped then dropped after the Fed chair warned that more rate hikes could come down the pike, but then stabilized into the close.

The central bank remains committed to reaching its 2% inflation target.

The Fed chair’s “long way to go” concept is wrongheaded, because at the current clip, inflation is already running near the Fed’s target, say two top economists.