The Latest Breaking News from US Federal Reserve

Australian shares fell 0.9 per cent, giving back most of three days of gains, after an inflation readout dashed any remaining hope of an RBA rate cut next week.

Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates.

The main indexes retreated from all-time-high territory as several of Wall Street's biggest stocks declined.

The dollar index (DXY00 ) on Tuesday fell by -0.08%. The dollar gave up modest gains on Tuesday and turned lower as T-note yields fell following dovish comments from Fed Governor Michelle Bowman, who stated that policymakers are in danger of falling behind the curve and need to act decisively...

The dollar index remains not far above the 2025 low. As U.S. interest rates are moving lower, the U.S. currency may challenge critical technical support levels before the end of this year.

Amid battle over independence, Fed chair pushes back against claim that central bank lets politics drive decisions

While a major economic issue, there’s not much the Fed can do about that, he said.

Wood said the AI space is increasingly consolidating.

Federal Reserve Chair Jerome Powell reaffirmed Tuesday that the central bank will act if labor market conditions continue to soften.