City Powell, county Jerome Financial News
04.04 / 15:33
04.04 / 13:09
markets
DOW
Trade
War
track
Dow futures fall over 3%, signalling another tough day for Wall Street
trade war fears rage on. Dow Jones futures are down as much as 3%, while Nasdaq is on track to fall another 3%. This came after China pledged additional tariffs on US goods in retaliation to Trump's reciprocal levies. US stocks fell sharply on Thursday too with S&P 500 plunging nearly 5%, its largest one-day percentage decline since June 2020.
04.04 / 10:49
04.04 / 01:59
markets
UPS
economy
Trade
2020
reports
Asian shares fall after worst Wall Street day since 2020
Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each. The slump wiped out around $2.5 trillion from the US stock market. Oil sold off and the greenback extended its drop on Friday as yields on the 10-year US Treasury hovered around the 4% mark. Markets are closed in China and Hong Kong.
26.03 / 06:29
markets
ETF
Strategy
economy
trends
Trade
President
How to prepare for a declining US economy
Subscribe to enjoy similar stories. It’s time to hedge America. Even though President Donald Trump has declared that April 2 will be America’s Liberation Day, stock investors may reach a different conclusion.
26.03 / 02:39
25.03 / 11:59
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economy
Remark
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Features
Stagflation on the radar for the US economy. Fed Chair Jerome Powell's big remark on 1970s nightmare
stagflation," as one economist put it—a concern gaining traction among analysts who question whether the U.S. economy's strong post-pandemic performance is beginning to wane. On Wednesday, the Federal Reserve painted a picture of an economy reshaped dramatically by President Donald Trump and his economic policy. It warned that tariffs could significantly dampen the economic outlook, ushering in higher inflation and slower growth. That sparked concerns about the dreaded “stagflation,” an economic curse that is hard to escape. ALSO READ: Who is Jeffrey Goldberg, the Atlantic's editor who was 'accidentally' added to top Trump officials' secret Yemen strike chats
22.03 / 13:31
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Williams
security
President
stage
shock
rights
Here’s how to read the Fed’s latest balance-sheet move
Subscribe to enjoy similar stories. The Federal Reserve will reduce the monthly redemption limit on Treasury securities. Some analysts interpreted the move as an effort to lower long-term bond yields, in line with Treasury Secretary Scott Bessent’s goals.
22.03 / 07:43
markets
Action
economy
President
performer
social
rights
Fed’s Treasury buying will come in handy as others sell
Subscribe to enjoy similar stories. “Everything keeps changing in this transitory life," according to the performance artist Laurie Anderson. The use of “transitory" was assumed to have been consigned to the dustbin of the history of the Federal Reserve’s blunders after the Fed failed to recognize that post-Covid inflation was anything but passing.
21.03 / 02:09
markets
economy
WhatsApp
Gold unchanged near record high as global uncertainties raise demand
Federal Reserve's hint at rate cuts this year also fostered appeal.
21.03 / 02:09
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economy
Research
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War
show
U.S. dollar stands tall after Fed signals no rush to cut rates
Federal Reserve indicating no rush to cut interest rates. The risk-sensitive Australian and New Zealand dollars remained on the defensive after steep slides on Thursday as worries about the economic drag from U.S. President Donald Trump's aggressive campaign of global trade tariffs dented sentiment.
20.03 / 21:09
COST
Manufacturing
Analysis
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President
War
International
Tariffs are 'simply inflationary,' economist says: Here's how they fuel higher prices
There was an oft-repeated message in Federal Reserve chair Jerome Powell's press conference on Wednesday: Tariffs will raise consumer prices.
20.03 / 16:01
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DOW
Manufacturing
economy
Trade
President
reports
Stock market today: U.S. stocks rally as Federal reserve holds interest rates steady, Dow Jones, S&P 500, and Nasdaq gain amid inflation and trade policy concerns
interest rates steady. The Nasdaq Composite gained 0.3%, while the Dow Jones Industrial Average and S&P 500 both rose by 0.2%. This marked a continuation of Wednesday’s rally, which was fueled by Fed Chair Jerome Powell’s reassuring statements on inflation and recession risks. Despite prior concerns, Powell’s projection of two rate cuts later this year encouraged investor confidence.
20.03 / 08:33
markets
Extreme
Federal Reserve holds rates steady as inflation 'remains a primary risk'
Following a meeting of the Federal Open Market Committee (FOMC) on Wednesday (19 March), rate setters repeated their January decision and kept rates unchanged, following calls in recent months from the central bank's chair Jerome Powell for a «gradual» approach to cuts. Trump lambasts the Fed as it leaves interest rates unchanged According to Lindsay James, investment strategist at Quilter, «Powell is flying somewhat blind given not only the extremity of the tariffs being announced by Donald Trump, but his willingness to U-turn at the last moment, making any attempt by businesses and ...
20.03 / 07:45
markets
UPS
economy
Sustainability
Trade
President
Bears bail as inflows boost Indian rupee to near two-month high
Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. The rupee touched a high of 86.2075, its best since January 24, marking a 1.2% appreciation over the past seven trading sessions. The currency was last quoted at 86.29, up 0.2% on the day.
20.03 / 06:29
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UPS
XRP
CEO
Trade
Experts
Bitcoin
Crypto price today: Bitcoin jumps above $85,600 after Fed optimism; XRP, Solana surge over 6%
The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.
20.03 / 04:01
markets
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Target
wellness
Trade
show
shock
The Fed pencils in 2 rate cuts. Anything could happen.
Subscribe to enjoy similar stories. Fed officials essentially project stagflation this year, with both lower growth and higher inflation. Federal Reserve officials didn’t alter interest rates this week, and investors shouldn’t get too comfortable with their projections for two rate cuts later this year.
20.03 / 02:39
markets
economy
Boeing
Trade
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rights
Dollar wobbles as Fed soothes market nerves with rate cut projection
U.S. policymakers projected likely two quarter-point interest rate cuts later this year, the same median forecast as three months ago, even as they expect slower economic growth and higher inflation. On Wednesday, the Fed held its benchmark overnight rate steady in the 4.25%-4.50% range.
20.03 / 01:39
UPS
economy
Election
show
cover
shock
Fed projections show economy radically changed by Trump’s election
Subscribe to enjoy similar stories. The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. Months ago, policymakers presumed they would spend 2025 gradually cutting rates to keep inflation heading down without a big rise in joblessness to achieve the so-called soft landing.
19.03 / 20:11
19.03 / 20:11
markets
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Target
Action
economy
show
Updates
Fed holds interest rates steady, still sees two cuts coming this year
WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.
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