Economist Mohamed El-Erian says next Fed chair should reform central bank
As the Federal Reserve eyes a period of transformation to a new chairman, famed economist Mohamed El-Erian is…
Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero.’
Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
Stock market’s fate comes down to the next 14 trading sessions
The next few weeks will give Wall Street a clear reading on whether this latest stock market rally…
Ken Griffin has a warning for Trump and the GOP: ‘I would not underestimate how grating a 3% inflation rate could be’
For Citadel CEO Ken Griffin, the political implications of still-elevated inflation are not lost on him. Inflation has…
U.S. stocks are chipping away at Europe’s outperformance, and Powell slipped in this dovish signal
After President Donald Trump shocked global markets with his aggressive tariffs earlier this year, investors turned away from…
Jobless and inflation data is keeping Wall Street confident Powell will cut
If markets needed further evidence for a September rate cut, they got it: Initial jobless claims for the…
The Fed got it wrong and is late again, top economist says, as job gains collapse
Allianz chief economic advisor Mohamed El-Erian said the Federal Reserve is behind the curve in lowering rates now that the…
Stock market today: Dow futures up as Wall Street eyes the one thing that could derail Fed rate cut
Stock futures gained momentum on Sunday evening as investors brace for fresh inflation data and political turmoil overseas…