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The Latest Breaking News from Jerome Powell

The Federal Reserve holds interest rates steady but hints at more action this year

The Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.

WEKU

US interest rate will remain unchanged at 22-year high, Federal Reserve says

Federal funds rate will remain at the the same level as the central bank announced in July, when it last raised rates

The Guardian - US

What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting

The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the U.S. economy toward a “soft landing” of cooling inflation without triggering a deep recession

The Independent UK

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Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

The Independent UK

What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

3 officials sworn in at Federal Reserve, as governing board reaches full strength

Federal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor

The Independent UK

US inflation in August rose to 3.7% amid sharp increase in energy prices

Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in June

The Guardian - US

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Higher gas prices likely pushed up inflation in August, though other costs probably slowed

A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve’s interest rate hikes are still bringing down prices for many goods…

The Independent UK

The odds of a recession are now just 15% because fading inflation and a strong labor market are changing the equation, Goldman Sachs says

Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months.

Fortune

Another "Worst Month" for Stocks this September? Here's the Biggest Risk Right Now

September has historically been the worst month for U.S. stocks. Here's what investors need to watch right now - including one critical catalyst that's the most potent risk for stocks right now.

Barchart

Biden hails strength of economy as US adds 187,000 jobs in August

Number of new jobs matches July’s total, reflecting resilience of labor market even with high interest rates

The Guardian - US

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Conversation

Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Digest Powell’s Hawkish Remarks: Analyst Warning On ETF Approval — ‘The Biggest Discount Of All Time, Or Sh*t News’

Major cryptocurrencies traded with mixed results on Sunday evening, reacting to Federal Reserve Chair Jerome Powell’s speech

Zenger

Stock Market Today: Stocks Close Higher Ahead of Key Inflation, Jobs Data

The July personal consumption expenditures (PCE) index and the August jobs report are just two key data points on this week's jam-packed economic calendar.

Kiplinger

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Barchart

Stocks Set to Open Higher as Investors Await Key U.S. Inflation Data and Jobs Report

September S&P 500 futures (ESU23) are up +0.18%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.26% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while also awaiting Friday’s nonfarm payrolls report.

The Independent UK

Stock market today: Asian shares mostly rise after Fed chief speech

Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates

Newsroom.co.nz

NZ sharemarket slides into the red after wiping out its gains for the year

Business & Investing: Kiwi dollar falls to US 59 cents as the Federal Reserve chief Jerome Powell promises to renew his historic inflation fight. Andrew Patterson reports.

The Guardian - UK

In a multipolar world the dollar’s dominance won’t last forever

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

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Barchart

Euro Currency: Examining the Potential for a Quick Flip Seasonal Trade

As the world has become increasingly interconnected, the global financial markets offer many opportunities for savvy traders. One such opportunity lies in the Euro currency as it aimlessly muddles, attempting to find direction. Can a small window seasonal pattern provide a trade in the Euro currency?

Kiplinger

Stock Market Today: Powell Speech Sends Stocks on Roller-Coaster Ride

Stocks popped then dropped after the Fed chair warned that more rate hikes could come down the pike, but then stabilized into the close.

Kiplinger

The Fed Remains Prepared to Raise Rates Further If Needed, Powell Says

The central bank remains committed to reaching its 2% inflation target.

Fortune

Two economists from different camps see peril in Fed Chair Jerome Powell’s comments on inflation and interest rates from Jackson Hole

The Fed chair’s “long way to go” concept is wrongheaded, because at the current clip, inflation is already running near the Fed’s target, say two top economists.

Barchart

2 Unusually Active Call Options Catching My Eye on a Friday

Early in Friday trading, more stocks are up on the NYSE and Nasdaq than down, with Nvidia still leading the charge. Sea is leading the way when it comes to unusual call option activity. Two others have caught my eye.

WEKU

Fed Chair Jerome Powell warns the fight against inflation is far from over

Federal Reserve Chair Jerome Powell said interest rates could stay elevated for an extended period to bring inflation to the central bank's 2% target.

The Guardian - US

Fed chair warns US inflation battle not over and hints at further rate rises

Jay Powell tells symposium in Wyoming that inflation is still too high but that US central bank will ‘keep at it until the job is done’

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