The Latest Breaking News from Jerome Powell

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

Federal Reserve Chair Jerome Powell will begin two days of hearings before Congress on Wednesday that will likely focus on the question that consumed the central bank last week: How far and how fast will the Fed raise its key interest rate from here

Two top economists agree that inflation is already conquered, and that by continuing the big squeeze, the Fed will likely drive the U.S. into an unnecessary, and possibly steep, recession.

The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected.

Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growth

The Federal Reserve is taking a break from its war on inflation. After raising rates 10 times in 10 meetings in 2022 and 2023, the central bank made no change during its latest meeting. Fed Chairman Jerome Powell announced no further increase in the federal funds rate on June 14…

June S&P 500 futures (ESM23) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.57% this morning after three major U.S. benchmark indices finished the regular session mixed as hawkish signals from the Federal Reserve weighed on sentiment, while investors also awaited key U.S. retail sales data.

The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.

Asian trading is mixed after the Federal Reserve held interest rates steady