County Powell Financial News

Investing.com -- The Federal Reserve's ongoing push to cool inflation is «not assured,» according to Chair Jerome Powell, bolstering the case for the U.S. central bank not to unveil imminent interest rate cuts.

Investing.com — European stock markets edged higher Wednesday in cautious trading, as investors awaited the U.K. Budget as well as congressional testimony from Federal Reserve Chair Jerome Powell, ahead of a European Central Bank rate-setting meeting later in the week.

Investing.com — It’s set to be a busy week in in markets with Friday’s U.S. jobs report, testimony by Federal Reserve Chairman Jerome Powell and a European Central Bank policy meeting the main highligts. Here’s what you need to know to start your week.

Voters in New Hampshire shared whether the state of the economy was a concern for them ahead of the 2024 election, with some citing continued high costs.

Federal Reserve’s policy rate, plotted as a thick line against time on the x-axis. Branching out from this trunk are hairs: fainter lines showing the future path for interest rates that the market, in aggregate, expects at each moment in time. The chart leaves you with two thoughts.

Richard Linklater's upcoming comedy, Hit Man, is set to hit Netflix on June 7, 2024, following its world premiere at the 80th Venice International Film Festival. This action-comedy, based on a true story, is making waves with its stellar cast and intriguing plot.

By Lucia Mutikani

In the ever-shifting landscape of cryptocurrency, Bitcoin encounters resistance at the crucial $43,400 mark, forming a challenging double top pattern. This movement comes amid a backdrop of the Federal Reserve’s nuanced monetary balancing act, which has sent ripples across financial markets globally.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

Investing.com — Oil prices settled slightly higher Monday, attempting to steady from the longest drop in five years as investors awaited further catalysts this week as central banks including the Federal Reserve are set to deliver updates on monetary policy.

BNB (0.8%), Avalanche (2%), and Polkadot (0.1%) were trading in the green, while Ethereum (-0.45%), XRP (-1.8%), Solana (-6.9%), Cardano (-0.6%), Polygon (-3.2%) and Dogecoin (-0.3%) were trading in the red. However, the global cryptocurrency market cap surged by 0.44% to around $1.55 trillion in the last 24 hours. At 11.30 a.m., BTC was trading 1% higher at $41,900. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $819 billion. «Speculation around an impending approval of Bitcoin spot ETF has fueled the asset into a 19-month high near $42,000. While BTC encounters strong resistance at this level, once breached, there is a clear path to $48,000 in the upcoming weeks,» said Vikram Subburaj, CEO of Giottus Crypto Platform.

TrendMacro CIO Donald Luskin shares his economic outlook on ‘Mornings with Maria.’

TJM Institutional Services director James Iuorio analyzes Q3 earnings and the Fed's ability to control inflation and future rate decisions.

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

6 things that changed for the stock market over the weekend That doesn’t rule out further bouts of volatility. Conflicting data may raise doubts, and Fed officials are likely to keep reminding the market that they are in no hurry to ease.

Investing.com — Friday’s nonfarm payrolls report for November will be in focus this week as investors try to assess whether the U.S. economy is remaining resilient in the face of higher interest rates. Oil prices look set to remain volatile and central bank meetings in Australia and Canada could underline the view that rates have peaked.

Financial markets construed the much awaited Powell's speech Friday as decisively dovish as he did not seem to push hard against the markets' expectations of hefty rate cuts next year. Powell, in his speech at Spelman College, said that the Federal Reserve's monetary policy is in a restrictive territory and it is too early to time the Fed rate cuts. He added that if appropriate, they are ready to hike rates further.

By Stephen Culp

Federal Reserve Chair Jerome Powell participates in a fireside chat with Spelman College President.

Investing.com-- Gold prices steadied near a seven-month high on Friday, pausing their recent rally amid anticipation of more cues on U.S. interest rates from Federal Reserve Chair Jerome Powell later in the day. 

Jesse Powell, co-founder of crypto exchange Kraken, has called the US regulators masochists attacking America and extortionists chasing crypto companies out of the country.