The Latest Breaking News from US Federal Reserve

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. June E-mini S&P futures (ESM25 ) are down -0.04%, and June E-mini Nasdaq futures...

The dollar index (DXY00 ) Wednesday rose by +0.06%. The dollar on Wednesday recovered from early losses and posted modest gains. Short covering emerged Wednesday to push the dollar higher after Fed Vice Chair Jefferson said inflation could rise from US tariff policies. The dollar also recovered after Bloomberg reported...

As long as interest rates remain elevated, lenders could be at risk if depositors get spooked.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.25%. June E-mini S&P futures (ESM25 ) are down -0.11%, and June E-mini Nasdaq futures...

Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring well, Chicago Fed president Austan Goolsbee said.

The dollar index (DXY00 ) today is down by -0.32%. The dollar is under pressure today after Bloomberg reported that the US and South Korea held forex talks on May 5, sparking speculation President Trump is open to a weaker dollar. Strength in stocks today has also reduced liquidity demand...

A recent speech offered clues into how Warsh might lead the central bank he’s criticized. Not everything added up.

April's inflation report will be welcome news to the FOMC—but that doesn't mean the Powell-led group will cut interest rates.