US central bank under scrutiny as Donald Trump criticizes Powell; Jackson Hole braces for high-stakes speech, why Fed independence matters
The independence of the US Federal Reserve is under scrutiny. President Trump has pressured the Fed to cut interest rates. He even called for a ...
US market today: Wall Street slips as Walmart drags S&P 500 toward fifth straight loss, Jerome Powell speech in focus
US stocks experienced another decline on Thursday, with the S&P 500, Dow, and Nasdaq all posting losses. Walmart’s disappointing profit forecast significantly impacted the market. ...
‘Greater of the two risks’: Inflation overshadows employment at Fed policy meeting; minutes reveal divisions over Trump’s tariffs
Federal Reserve officials expressed concerns over upside inflation risks outweighing employment worries, amidst disagreements on Trump’s tariffs’ economic impact. Minutes revealed divisions within the Federal ...
US market today: Stocks mixed as retailers post earnings, investors await Powell speech and Ukraine talks
Wall Street witnessed mixed trading as major American retailers started releasing quarterly reports. Home Depot’s earnings missed expectations, but full-year guidance remained. Investors are awaiting ...
US consumer inflation remains unchanged; holds steady at 2.7%; core prices accelerate amid Trump’s tariffs
US consumer inflation remained steady at 2.7% in July, matching June’s rate but slightly below expectations, while core inflation rose to 3.1%. Falling gas prices ...
‘Horrible, grossly incompetent’: Donald Trump bashes Jerome ‘too late’ Powell; hints at lawsuit over Fed building construction
Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell, criticizing his handling of interest rates and the escalating costs of the ...
‘Costing our country trillions of dollars’: Donald Trump calls Jerome Powell ‘too stupid’ after rate decision; central bank holds rates steady for fifth straight time
President Trump has sharply criticized Federal Reserve Chairman Jerome Powell, deeming him unfit for his role due to perceived incompetence and political bias, following the ...
US market today: Stocks edge higher as Fed meet, China tariff talks weigh; JetBlue, SoFi jump while Merck, UnitedHealth drag
Wall Street saw modest gains, with the S&P 500 and Nasdaq reaching new highs, as investors awaited the Federal Reserve’s rate decision and developments in ...
Asian markets slip: Tariff talks cloud investor sentiment; US-China talks cast shadow
Asian markets experienced a broad decline as initial optimism surrounding US trade agreements waned, with investors turning cautious amid ongoing US-China trade discussions. Tech stocks, ...
US markets today: S&P 500 hovers near record high; investors eye Big Tech earnings, Fed decision, global trade deals
US stock indices remained steady near record highs, awaiting key events like Big Tech earnings and a Federal Reserve meeting. Trade deal optimism between the ...
