Jerome Powell

Federal Reserve expected to cut rates, lift Biden’s prospects

Politics
Amanda Smith

By Jarrett Renshaw and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve looks on track to cut interest rates as the ...

Burned Before, Bond Markets Resume Rate-Cutting Trades Worldwide

Business
Jessica Roberts

(Bloomberg) — Bond traders are cautiously reloading wagers that burned them just weeks ago as the Federal Reserve and key global peers ...

The Fed’s inflation story ‘hasn’t really changed’: Morning Brief

Business
Jessica Roberts

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: ...

Gold Jumps Above $2,200 an Ounce for First Time on Dovish Powell

Business
Jessica Roberts

(Bloomberg) — Gold jumped above $2,200 an ounce for the first time after the Federal Reserve maintained its outlook for three rate ...

Investors waiting to see whether Fed still expects 3 rate cuts in 2024

Business
Jessica Roberts

The Federal Reserve is widely expected to hold rates steady when the central bank concludes its policy meeting Wednesday afternoon. But the ...

Time running out for rate cuts, Jim Bianco warns before Fed meeting

Business
Jessica Roberts

“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president ...

Bond Traders Surrender to Higher-for-Longer Reality From the Fed

Business
Jessica Roberts

(Bloomberg) — Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering ...

Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts

Business
Jessica Roberts

(Bloomberg) — Inflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is ...

S&P 500 poised for new record with Powell back in spotlight

Business
Jessica Roberts

US stocks rose on Thursday, staying upbeat ahead of a second day of closely tracked testimony from Federal Reserve Chair Jerome Powell. ...

stocks, news, data and ECB decision

Business
Jessica Roberts

33 Mins Ago Hugo Boss shares tank 18% on lower sales forecast Shares of Hugo Boss plunged 18%, before paring losses slightly ...