The Latest Breaking News from Jerome Powell

Number of new jobs matches July’s total, reflecting resilience of labor market even with high interest rates

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.

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.

Early in Friday trading, more stocks are up on the NYSE and Nasdaq than down, with Nvidia still leading the charge. Sea is leading the way when it comes to unusual call option activity. Two others have caught my eye.