Federal Reserve

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9% before the... Read More

NEW YORK (AP) — U.S. stocks are sinking Monday as investors pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war and his criticism of the Federal Reserve. The S&P 500 was 1.2% lower in... Read More

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader's "termination cannot come fast enough.” Trump hinted at moving... Read More

NEW YORK (AP) — Wall Street is getting pulled in different directions on Thursday as President Donald Trump’s latest tariff escalation pushes some automakers downward, while encouraging data on the economy helps support the market. The S&P 500 was virtually unchanged in morning trading... Read More

U.S. markets traded modestly lower before the bell Tuesday and ahead of the first of a two-day Federal Reserve meeting on where to go with interest rates. Futures for the S&P 500 and Dow Jones industrials both slipped 0.3% in... Read More

WASHINGTON (AP) — U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress. Americans cut their spending by 0.2% in January from... Read More

NEW YORK (AP) — U.S. stocks are sinking Wednesday after a report said inflation is unexpectedly getting worse for Americans, before even the first of President Donald Trump ’s tariffs had a chance to raise prices for imports. The S&P 500 was 0.9% lower in early trading.... Read More

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic product... Read More

WASHINGTON (AP) — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. Christopher Waller, an influential member of the Fed's... Read More

Trading on Wall Street was muted early Wednesday ahead of the latest update on inflation coming out before markets open. Futures for the S&P 500 edged less than 0.1% higher before the bell, while futures for the Dow were off less than... Read More

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers and other items. “We’ll get them down,” he... Read More

WASHINGTON — Federal Reserve Chairman Jerome Powell said Thursday he would not resign if requested by President-elect Donald Trump in a potential dispute over constitutional authority. The Federal Reserve is led by a seven-member board of governors. They can be... Read More

WASHINGTON (AP) — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump's presidential election victory. Yet... Read More

WASHINGTON (AP) — America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the... Read More

WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product... Read More

WASHINGTON (AP) — Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. Yet Friday's report... Read More

WASHINGTON (AP) — Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election. Yellen... Read More

WASHINGTON (AP) — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential... Read More

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from... Read More

WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak. It's likely... Read More

WASHINGTON (AP) — America's employers posted fewer job openings in July than they had the previous month, a sign that hiring could cool in the coming months. The Labor Department reported Wednesday that there were 7.7 million open jobs in... Read More

NEW YORK (AP) — Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. The S&P 500 jumped 1.6%... Read More

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly... Read More

NEW YORK (AP) — U.S. stocks are holding relatively steady on Friday at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 was virtually unchanged in early trading, coming off its best day since 2022. After yo-yoing through... Read More

NEW YORK (AP) — Some calm is returning to Wall Street in early trading, and Japan’s stock market soared to bounce back from its worst loss since 1987. The S&P 500 was 0.6% higher early Tuesday and on track to... Read More

NEW YORK (AP) — A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day... Read More

WASHINGTON (AP) — With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major shift in policy... Read More

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could... Read More

WASHINGTON (AP) — American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 102.6 from 104.3 in... Read More

NEW YORK (AP) — Wall Street is drifting Tuesday following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 was 0.2% higher in midday trading after erasing an... Read More