The Latest Breaking News from the Federal Reserve

Latest report on PCE price index shows inflation concerns persist, with core inflation stable. Consumer spending slightly dipped. Fed faces pressure to add...

June S&P 500 E-Mini futures (ESM24) are up +0.26% this morning after the release of the Fed’s first-line inflation gauge.

Learn about the impact of rising mortgage rates on homebuyers and the housing market, influenced by Fed policy and economic factors.

The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

Stock market futures rebound in the U.S. post inflation concerns, showing investor confidence and resilience in the market.

June S&P 500 E-Mini futures (ESM24) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.30% this morning, rebounding from yesterday’s slump prompted by strong U.S. economic data, which heightened speculation that the Federal Reserve might keep rates on hold for most of this year.

Asian shares have retreated after strong reports on the U.S. economy raised the possibility that interest rates may stay painfully high

Markets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.