Stocks Fall as Wall Street’s Election Enthusiasm Subsides
The post-election rally has lost steam, with the S&P 500 down 2 percent for the week. But major stock indexes are still up since Election Day.
Dollar notches weekly gain as traders reassess rate cut expectations
Sterling was on track for its steepest weekly fall since January 2023, at roughly 2.4%. It was last down 0.38% at $1.2620. The pound showed little reaction to data showing Britain's economy contracted ...
Relief from higher rates is uncertain, as Fed signals slower move on cuts
Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.
Will Trump fire Fed chair Jerome Powell?
During his first term as president, Donald Trump considered firing Federal Reserve Chair Jerome Powell. He backed off then.
Fed Chair Powell delivers blunt message on interest rate cuts
Marc Short, who served as chief of staff to former Vice President Mike Pence, affirmed President-elect Trump’s decision to ...
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US import prices unexpectedly rise in October
Import prices rebounded 0.3% last month after an unrevised 0.4% decline in September, the Labor Department's Bureau of Labor ...
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
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What Does Persistent Inflation Mean for Wall Street?
Highlights,U.S. stock index futures declined following Federal Reserve Chair Jerome Powell's statement emphasizing caution on ...
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested ...
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Dollar dominates as Powell’s hawkish stance fuels market jitters
The US dollar stands tall, poised for its most significant weekly gain in months, buoyed by hawkish commentary from Federal ...
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Asian markets fluctuate at end of tough week
Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for interest rate cuts, while ...
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Global stocks struggle after Fed signals slower rate cuts
Global stock markets mostly struggled Friday after US Federal Reserve boss Jerome Powell indicated a slower pace of ...