The Latest Breaking News from US Federal Reserve

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen

Investors are pricing in two to four cuts by the end of the year.

The dollar index (DXY00 ) today is up by +0.23%. The dollar is climbing today on hopes of easing US-China trade tensions after the countries agreed to trade talks this weekend for the first time since President Trump imposed tariffs on US trading partners. Also, there is caution ahead of...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.12%. June E-mini S&P futures (ESM25 ) are up +0.31%, and June E-mini Nasdaq futures...

The Dow Jones rallied Wednesday on news of U.S.-China trade talks. Fed Chair Powell is due to speak, while CrowdStrike dived on layoff news.

Major Asian markets in China, Japan and South Korea all rose—but by less than 1%. Investors seem to be betting that the Papal Conclave will produce results before the trade negotiations do.

June S&P 500 E-Mini futures (ESM25) are up +0.58%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.64% this morning as optimism around U.S.-China trade talks boosted sentiment.

When the May US Federal Open Market Committee meeting comes to an end later today, Chairman Powell will not be announcing a rate cut. At least according to to the Fed fund futures forward curve.

The US Federal Reserve faces a tough choice Wednesday as it contends with President Donald Trump's tariff rollout: Prioritize tackling inflation by holding interest rates high, do nothing, or stimulate growth and employment by cutting them?