Don’t fixate so much on Fed rates, but the loss of its independence will be punished, BofA CEO says
Bank of America CEO Brian Moynihan pointed out the U.S. economy is much bigger than the Federal Reserve,…
The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market
The Federal Reserve cut rates for a third straight meeting on Wednesday in what analysts call a “hawkish”…
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…
The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say
The typically consensus-driven Federal Reserve is looking more and more divided lately, so much so that next month’s…
FOMC notes show Powell facing a divided Fed as odds of interest cut falls
It’s looking increasingly likely that Jerome Powell’s Christmas gift to markets will be an economic lump of coal,…
White House official says October jobs and inflation data are likely to never be released
The government is beginning to reopen after President Donald Trump signed a House-passed funding package on Wednesday night,…
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 today: Dow futures jump as US-China trade war cools
U.S. stocks signaled another rally on Sunday night after the Trump administration negotiated a framework for a trade…
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 on Fed rates that Wall Street overlooked
After President Donald Trump shocked global markets with his aggressive tariffs earlier this year, investors turned away from…
The Fed ‘desperately’ wants to avoid a recession because it doesn’t want to get blamed: Zandi
The Federal Reserve may have more at stake than economic growth as policymakers prepare to meet on rates…
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…