The Latest Breaking News from US Federal Reserve

December S&P 500 futures (ESZ23) are down -0.05%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.20% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after…

December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.24% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after…

Asian shares are mostly higher in thin trading with many markets closed for holidays

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. "It's really reckless and will impose immediate harm," Yellen told NPR.

“All of us who have money and power now, we don’t bear any responsibility, we just kind of … hope somebody else will take care of it," says Jeff Fuhrer.

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.08%. Stocks on Friday settled mixed. Signs of deceleration...

The dollar index (DXY00 ) on Friday fell by -0.06%. The dollar on Friday posted modest losses. Weaker than expected U.S. economic news on Aug personal spending and Sep MNI Chicago PMI weighed on the dollar. Also, dovish U.S. inflation news Friday knocked T-note yields lower and weighed on the...

As we anticipate the possibility of another rate hike and advancements in technology, the consumer financial services sector stands poised for notable growth in the foreseeable future. Given this, which consumer financial services stock, Visa Inc. (V) or Global Payments (GPN), could generate superior returns? Let’s find out….

"Longer-term, higher mortgage rates are likely to be a drag on home sales as costs put buying out of reach, causing many households to delay plans to move."