Jerome Powell
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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The Fed will update its rate projections Wednesday. Here’s what to expect
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters Federal Reserve officials at this week’s meeting are expected to hold interest rates steady but adjust […]
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S&P 500 falls for first day in three as benchmark fights to stay out of correction territory: Live updates
Traders work on the floor of the New York Stock Exchange on March 17, 2025. NYSE Stocks edged lower Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 299 points, or 0.7%. The S&P 500 shed 1.2%, nearing correction territory; […]
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A big markets week lies ahead that could determine whether this correction turns into a bear
The roller coaster ride that is the stock market lately is unlikely to come to an end anytime soon, with investors desperate for any clarity on the macroeconomic picture that could put a bottom in for equity prices. Wall Street is headed for a big week ahead, with economic data set to be scrutinized by […]
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A big inflation report is on the way Wednesday. Here’s what to expect
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025. Arlyn Mcadorey | Reuters With concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news. […]
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Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates
Key Points Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” the central bank chief […]
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The Fed is stuck in neutral as it watches how Trump’s policies play out
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters The popular narrative among Federal Reserve policymakers these days is that policy is “well-positioned” to adjust […]
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Producer prices report points to softer Fed inflation measure than feared
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%, […]
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Asia-Pacific markets trade higher after Wall Street declines on inflation fears
Tokyo, Japan skyline with the Tokyo Tower Chunyip Wong | E+ | Getty Images Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia’s S&P/ASX 200 rose 0.26%. Japan’s Nikkei 225 rose 1.1% while the […]
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Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there yet’
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty Images A Federal Reserve interest rate cut won’t be coming until at least September, if […]
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