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Jerome Powell

Powell says inflation has been higher than thought and expects rates to hold steady

by Walter Watson
Powell says inflation has been higher than thought and expects rates to hold steady

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the …

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S&P 500 rebounds to less than 1% from a record after orderly three-week pullback

by Walter Watson
S&P 500 rebounds to less than 1% from a record after orderly three-week pullback

The ideal fix for a market that’s traveled too far, too fast, is for it so slow down and back up a bit. This, by most appearances, is the story …

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Wall Street expects rate hikes are off the table. Inflation data will test that

by Walter Watson
Wall Street expects rate hikes are off the table. Inflation data will test that

Next week’s inflation data will be the first major test for markets after the Federal Reserve took a dovish stance on interest rates, at a time when bond yields also …

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Consumer sentiment tumbles as inflation fears surge, closely watched survey shows

by Walter Watson
Consumer sentiment tumbles as inflation fears surge, closely watched survey shows

Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment …

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Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer

by Anas Siddiqui
Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer

Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled it would wait longer before cutting interest …

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Here’s what to expect from the April jobs report on Friday

by Walter Watson
Here’s what to expect from the April jobs report on Friday

A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring likely …

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In Asia, US dollar’s growing strength gives rise to stability concerns, suspected rate intervention

by Walter Watson
In Asia, US dollar’s growing strength gives rise to stability concerns, suspected rate intervention

The US dollar index has risen by more than 4 per cent since the start of the year, triggering alarm bells among central banks in Asia that are running significant …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. Dow Jones Industrial Average futures …

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Live updates on May Fed rate decision

by Walter Watson
Live updates on May Fed rate decision

Politics not a factor in rate decisions, Powell emphasizes Federal Reserve Chair Jerome Powell said regardless of the upcoming U.S. presidential election this year, the central bank continues to make …

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Here’s what to expect when the Fed wraps up its meeting Wednesday

by Walter Watson
Here’s what to expect when the Fed wraps up its meeting Wednesday

Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024.  Kent Nishimura | Getty Images News | Getty Images …

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