The Latest Breaking News from US Federal Reserve

Sen. Ted Cruz and several other Republican senators are pushing a bill that could prohibit the U.S. central bank from issuing CBDCs, saying a CBDC will only infringe on the American public's financial freedoms.

U.S. Federal Reserve analysts have warned of "some potential" for the dollar's role as a medium of exchange to be eroded with the rise of well-designed foreign CBDCs.

The main indexes made muted moves Tuesday as investors took data that showed a big drop in durable goods and consumer confidence.

The dollar index (DXY00 ) on Tuesday rose slightly by +0.01%. Hawkish Fed comments from Fed Governor Bowman and Kansas City Fed President Schmid pushed T-note yields higher and supported the dollar. However, gains in the dollar were muted after the Conference Board’s U.S. Feb consumer confidence index unexpectedly declined....

Stay informed about recent mortgage rate trends, Fed's potential rate cuts, and their impact on homebuying. Learn about options like 15-year fixed-rate mor...

Experts foresee lower mortgage rates in 2024, offering relief to homeowners and buyers. Potential benefits ahead.

March S&P 500 E-Mini futures (ESH24) are up +0.07%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.15% this morning as investors geared up for a fresh batch of U.S. economic data.

Last week's rallies -- including an all-time record close for Tokyo's benchmark index -- were fuelled by solid earnings from US chip titan Nvidia, a bellwether for artificial intelligence.

Asian markets began Tuesday mostly lower after record-setting gains last week, with traders eyeing the release of fresh economic data this week that could offer a better sense of when central banks may cut rates.