City Powell, county Jerome Financial News

16.11 / 04:49

markets Analysis Election Research Trade show US stocks sink on Powell rate-cut caution, Trump cabinet picks

Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump. Federal Reserve Chair Jerome Powell on Thursday cited ongoing economic growth, a solid job market, and inflation above the U.S. central bank's 2% target as reasons it can afford to be careful with the pace and scope of future rate cuts.

16.11 / 04:49

markets UPS Platform Strategy trends Trade European shares end lower on US Fed rate, Trump jitters

The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week.

16.11 / 04:49

markets Analysis Research Trade Bitcoin show Dollar notches weekly gain as traders reassess rate cut expectations

interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less room to cut interest rates.

15.11 / 12:01

markets UPS Target economy Remark performer rights Fed Chair Jerome Powell says central bank in no rush to reach 'neutral rate'

SlateStone Wealth chief market strategist Kenny Polcari discusses Fed Chair Powells job performance and the steps Trump will take to expand the economy on Varney & Co.

15.11 / 11:43

UPS economy Align Remark President Interviews Boston Fed President says December rate cut isn’t a ‘done deal’

Subscribe to enjoy similar stories. A Federal Reserve official said the central bank could eventually need to slow down the pace at which it is lowering rates and said it was too soon to say whether that should happen at the central bank’s meeting next month. Another rate cut in December is “certainly on the table, but it’s not a done deal," said Boston Fed President Susan Collins in an interview Thursday.

15.11 / 10:27

Target economy Remark Election President track Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

15.11 / 08:15

markets UPS DOW BURST Election How major US stock indexes fared Thursday, 11/14/2024

U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool

15.11 / 08:15

markets UPS economy Nov reports Department Number of Americans filing for unemployment falls to lowest level in 6 months

The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels

15.11 / 07:19

markets Digital Google Strategy President Experts US Fed chair Jerome Powell declines to say if he would remain after term expires

Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to serving out his term as chair. «I'll certainly serve to the end… of my chair term,» Powell said. «And that's really all I've decided, and all I'm thinking about.»

15.11 / 03:55

markets Target economy Remark CME Food Powell says solid economy allows Fed to consider rate cuts ‘carefully’

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in remarks prepared for delivery at a talk in Dallas on Thursday.

15.11 / 03:49

DOW Analysis Election Trade Experts show Wall St indexes end lower after Powell erodes hopes for December rate cut

Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts.

14.11 / 22:41

markets UPS Provident economy Sustainability Remark wellness Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates.

14.11 / 19:53

markets COST Food show Watch Fed Chair Powell speak live to business leaders in the Dallas area

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14.11 / 12:15

UPS economy Remark Research President rights Top Federal Reserve official defends central bank's independence in wake of Trump win

A Federal Reserve official has given a lengthy defense of the central bank's political independence

13.11 / 15:57

COST UPS Food Department Headlines Inflation rises 2.6% in October, in line with expectations

First Trust Advisors chief economist Brian Wesbury reacts to Fed Chair Jerome Powell saying he won't resign if President-elect Trump asks on «Making Money.»

12.11 / 09:41

markets COST UPS President rights peace Long shot or not, Trump must make peace with Fed Chair Powell

Subscribe to enjoy similar stories. US bond markets have had a minor meltdown since former President Donald Trump pulled ahead in prediction markets and then won a second term last week, putting upward pressure on mortgages and other household borrowing costs. If the move continues, it could be a major source of disappointment for voters who trusted Trump to improve housing affordability and the cost of living.

11.11 / 02:21

markets Art Strategy Analysis trends Trade Experts Gold subdued as investors await US data, comments from Fed officials

Gold prices were little changed in early Asia hours on Monday, as market participants awaited comments from Federal Reserve officials and economic data to gauge the U.S. interest rate path.

09.11 / 04:25

markets UPS Analysis economy Election Trade Experts Asian markets struggle to maintain momentum after Fed cut

Traders were also awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world's number two economy with an eye on the US election result.

08.11 / 06:05

markets UPS DOW economy Trade How major US stock indexes fared Thursday, 11/7/2024

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy

08.11 / 01:49

markets UPS Progressive Analysis economy Election Trade Asian stocks Asian stocks, bonds rally as Federal Reserve cuts rates

bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. Australian and Japanese shares advanced along with Hong Kong futures, while the Golden Dragon index of US-listed Chinese companies jumped 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks for a second day. An index of global equities also advanced to a record.

08.11 / 01:15

markets Digital Strategy Election President Experts PAM Fed's Powell says he will not quit even if asked by Trump

Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him, adding he cannot be legally removed anyway.

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