The Latest Breaking News from Jerome Powell

Two of the three major benchmarks notched gains Thursday despite hawkish commentary at home and rate hikes abroad.

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

While inflation exhibits signs of cooling, it still exceeds the Fed’s 2% goal. Given the possibility of additional rate hikes and an economic slowdown, it could be wise to seek refuge in relatively stable stocks to help weather the economic uncertainty. So, let’s find out if Ingredion (INGR), PC Connection…

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

With the equities market printing three straight down days, investors should put Tanger Factory Outlet on their watch list for clues about a possible incoming recession.

"Home sales are rising, starts are rising, and home prices are rising again," Wolf tells Fortune. "The big question is – is that it?"

The powerful House Financial Services Committee is set to vote on legislation in July.

September S&P 500 futures (ESU23) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.29% this morning after three major U.S. benchmark indices ended the regular session lower as market participants digested a renewed warning issued by Federal Reserve Chair Jerome Powell, emphasizing the necessity of further…

Equities turned lower as the Fed chief delivered a hawkish semi-annual report to Congress.

In the current market backdrop, where the Federal Reserve is expected to continue raising interest rates, investing in growth stocks can help weather the storm. Fundamentally sound growth stocks such as Expedia Group (EXPE), Extreme Networks (EXTR), and FutureFuel Corp. (FF) could be wise additions to your portfolio. Read on….

Watch live as Federal Reserve chair Jerome Powell delivers his semiannual monetary policy testimony to the US House financial services committee.