The Latest Breaking News from US Federal Reserve

President Trump is going full bore on tariff hikes, aiming for a fundamental transformation of the economy. The stakes are huge for U.S. businesses and the stock market.

The dollar index (DXY00 ) today is down by -0.26%. The dollar is under pressure today because of concerns that US tariffs will start a trade war that derails the economy. Also, a decline in T-note yields has weakened the dollar’s interest rate differentials after the 10-year T-note yield fell...

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.82%. June E-mini S&P futures (ESM25 ) are up +0.38%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. June E-mini S&P futures (ESM25 ) are up +0.13%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.29%. June E-mini S&P futures (ESM25 ) are down -0.24%, and June E-mini Nasdaq futures...

Paychex and Cintas delivered solid earnings reports that suggest the labor market may be stronger than it may seem to people on Main Street

Some finance chiefs are taking precautionary actions.

President of the Richmond Fed Tom Barkin hinted that confidence the FOMC needs to cut rates further has been hindered by President Trump’s tariff policy.

“I think, when this is over, we’re going to see something far worse than ’08, ’09. I think the market’s going to crash, like, 80%.”