The Latest Breaking News from the Federal Reserve

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Trump fires Fed Governor Lisa Cook, citing 'sufficient cause' over mortgage fraud claims. Cook denies wrongdoing and vows to fight the dismissal in court.

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Major European stock indexes opened lower on Tuesday, with the CAC 40 in Paris leading losses, following news that the French government may be ousted next month.

Rolling coverage of the latest economic and financial news

Investment bank Morgan Stanley says that the Federal Reserve will begin cutting interest rates starting in September, reversing its prior views of the Fed choosing to hold rates steady through March 2026.

Asian shares are lower following a broad decline on Wall Street that reversed some of the big gains from last week

President Donald Trump fired Lisa Cook, a member of the Federal Reserve Board of Governors, on Monday.

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

On Sunday, in a post on X, The Kobeissi Letter highlighted the mounting pressure of interest payments for the U.S. government, saying that the Federal Reserve may have to slash interest rates substantially to prevent debt servicing from spiraling out of control.

Dividend stocks are gaining attention amid growing expectations that the Federal Reserve will cut interest rates by 25 basis points next month. Data from Purpose Investments showed inflows into the five largest dividend ETFs surged tenfold last month compared with the start of 2024.