Jerome Powell

The Federal Reserve cut its key interest rate by 0.5 percent, or 50 basis points, on Tuesday—thrusting it into the center of a political firestorm.It cut its key borrowing rate from 5.25 to 5.50 percent to 4.75 to 5 percent. Markets rose…

US Federal Reserve meeting LIVE Updates: The world's largest economy is expected to see the first rate cut in four and a half years, amidst fears of an oncoming recession. Stay tuned for live updates and analysis as the major economic…

(Bloomberg) -- Stocks drifted near all-time highs ahead of the Federal Reserve decision, with traders split on the size of an interest-rate cut.Most Read from BloombergThe S&P 500 closed little changed after briefly crossing the…

US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve's policy decision to be declared on Wednesday.Investors widely expect the Fed to cut interest rates for first time in more than…

China's November retail sales see significant missChina's industrial production for November grew 2.2%, after seeing a growth of 5% in October, according to official data. That's lower than expectations for growth of 3.6% in a Reuters…

Stock futures rose Wednesday as Wall Street awaits a speech from Federal Reserve Chair Jerome Powell.Futures tied to the Dow Jones Industrial Average gained 38 points, or 0.14%. S&P 500 futures and Nasdaq 100 futures climbed 0.2% and…

Stock futures were lower Friday morning as investors continued to dump stocks into year-end on fears a recession is ahead next year because of the Federal Reserve's unrelenting rate hiking.Futures tied to the Dow jones Industrial Average…

Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve's relentless interest rate hikes are tipping the economy into a recession.The Dow Jones…

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated.Reflecting statements…

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