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Fed cuts key rate yet Powell says future reductions are not locked in

The Federal Reserve cut its key interest rate on Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair Jerome ...
Associated Press

Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President Donald Trump’s frequent demands that he cut interest rates, even as ...

Why the Fed’s Next Interest Rate Move Is Becoming So Hard to Predict

What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll ...
Nasdaq

Stocks Pressured as Fed Chair Powell Downplays Further Rate Cuts

The S&P 500 Index ($SPX) (SPY) on Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ ...

Betting markets increase odds on Kevin Hassett to succeed Powell as Fed chair

Kevin Hassett is now the leading market favorite to replace Jerome Powell as Fed Chair, with prediction odds rising as ...
InvestorsHub on MSN

Gold Pulls Back After Big Week as Rate Cut Hopes and Fed Leadership Buzz Drive Markets

Gold prices slipped slightly in Asian trading on Thursday, easing from their recent surge as traders weighed growing ...