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The Latest Breaking News from US Federal Reserve

Trump's demand for influence over the Fed conjures comparisons to Nixon

Nixon's Fed chair Arthur Burns is viewed by many as the worst in the institution's history for failing to stand up to the White House.

Fortune

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

The Independent UK

Fed's Jeff Schmid Signals Possible Rate Cut If Inflation Continues To Fall

If inflation continues to decline, Schmid said, he would grow more confident that the Fed is on track to achieve its price stability mandate.

International Business Times

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Fed Clamps Down On Crypto-Friendly Customers Bank – What About The Democratic 'Reset'?

The Fed has taken an enforcement action on Customers Bank, and crypto's Tyler Winklevoss isn't happy about it, questioning the validity of the supposed "reset" some Democrats are pushing within the party.

International Business Times

Fed president throws doubt onto September rate cut Wall Street is desperate for

"We should be looking for the worst in the data rather than the best."

Fortune

Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Equities across the planet have seen big fluctuations since a closely watched gauge of the US labour market came in well below forecasts and fanned fears the Federal Reserve may have waited too long to cut interest rates.

Latin Times

Trump Says US President Should Have Say Over Monetary Policy

Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve and suggested that the US president should have "at least a say" over the course of monetary policy.

International Business Times

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Stocks Rally Sharply on Positive US Labor Market News

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +2.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.06%. US stocks on Thursday settled sharply higher. Stocks rallied Thursday after US weekly initial...

Barchart

Dollar Boosted by Higher T-note Yields

The dollar index (DXY00 ) on Thursday rose slightly by +0.03%. The dollar Thursday erased overnight losses and turned slightly higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. The dollar gave up most of its advance...

Barchart

Jerome Powell said his 2% inflation target was nonnegotiable. Jamie Dimon is skeptical it's even possible

"Does inflation really get back to 2%?" the Wall Street veteran asked.

Fortune

Dollar Gains as US Weekly Jobless Claims Fall

The dollar index (DXY00 ) today is up by +0.18%. The dollar today erased overnight losses and turned higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Strength in stocks today is limiting the upside in the...

Barchart

US Jobless Claims Fall, Economy Remains Resilient

Latest labor market report shows decrease in jobless claims, raising optimism about economy. Fed expected to cut rates to support growth.

Top News

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

The Independent UK

JPMorgan CEO Jamie Dimon is done psychoanalyzing Jerome Powell and the Fed

"Every day 325 million Americans go to work, go to their jobs, take care of their families, take care of their kids, build out their house, change a job. And it could be affected by the Fed changing rates by 50 base points? I don't think so."

Fortune

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Latin Times

Equity Markets Struggle As Nervous Traders Navigate Volatility

Tokyo, Sydney, Seoul, Wellington, Mumbai, Taipei and Jakarta were in the red, along with London, Paris and Frankfurt.

Barchart

Stocks Muted Before the Open as Investors Await U.S. Jobs Data and Earnings Reports, Fed Speak on Tap

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

International Business Times

Stocks Turn Lower Again As Nervous Traders Navigate Volatility

Asian stocks resumed their losses Thursday after a sell-off on Wall Street in a sign that the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

The Conversation

Japan stock meltdown: why it rattled the crypto market

Japan’s stock market plunged 12% on Monday, August 5 – its worst day in 37 years. The severity of the fall triggered losses in stock markets around the world. In the US, for example, the Nasdaq index dropped more than 6%, while the S&P 500 dipped by 4.25%.

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news in one place.

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Top News

Market Volatility Update: Understanding Recent Global Market Trends

Understand the recent market selloff triggered by factors like carry trade unwind and US economic concerns. Despite volatility, the US economy remains strong.

Fortune

Top economist Mohamed El-Erian warns an emergency Fed rate cut could reinforce a negative spiral and help spark a recession

“It’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.

Barchart

Dollar Gains and Gold Falls as Speculation of Aggressive Fed Easing Subsides

The dollar index (DXY00 ) Tuesday finished up by +0.29% due to strength in T-note yields. Also, reduced expectations of aggressive Fed rate cuts boosted the dollar on positive carryover from Monday when Chicago Fed President Goolsbee said last month's job numbers "came in weaker than expected but are not...

Fortune

An interest rate cut won’t fix the housing crisis

Rate cuts will help, but there’s still a shortfall of close to 2 million homes in the country, according to Moody’s.

Barchart

There's More to Come From the Yen Carry Trade Unwind. Here's How to Trade It.

The $6.4T meltdown in global equity markets in recent days is more reflective of a wind-down of yen carry trades used by investors to leverage their bets than a shift in the U.S. economic outlook. There's more to come as this trade continues to unwind, especially if you consider that…

Barchart

Can Lumber Sustain a Recovery?

Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in the rearview mirror in the coming months, so the wood futures market may have to wait until spring 2025…

Fortune

U.S. households are piling on credit card debt, according to the Federal Reserve

Households paid off debt during the pandemic. That trend is reversing.

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