News

To cut or not to cut? This week's inflation data complicates the picture for the Fed

At the start of the month, a significantly weaker than expected July nonfarm payrolls report along with one of the biggest ...

Trump Demands Emergency Fed Rate Cut and Threatens 'Major Lawsuit' Against Chair Powell

President Donald Trump has threatened a "major lawsuit" against Federal Reserve Chair Jerome Powell, while once again calling for an immediate cut to interest rates following muted inflation data.

PPI report casts doubt on Bessent’s call for 50-basis-point Fed cut in September: ING

The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point ...

Trending stocks amid a mixed week, even amid gains on Fed cut hopes

Wall Street made solid gains for the week, helped by raised expectations for Federal Reserve interest rate cuts and hopes for ...

Gold falls as hot US data lifts dollar, yields; cools hopes for jumbo Fed cut (Aug 14)

Gold prices fell on Thursday as hotter-than-expected U.S. inflation data and a drop in jobless claims lifted the dollar and ...

Exclusive: Fed's Daly Says Jumbo Rate Cut Next Month Doesn’t Seem Warranted

San Francisco Fed President Mary Daly pushed back against the need for an interest-rate cut of a half percentage point, or 50 ...

Stock market today: Dow pops, S&P 500 and Nasdaq waver as Fed rate cut bets surge

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal ...