Jerome Powell

Retail sales rose at healthy pace last month in latest sign of US economy’s health
December 17, 2024

Retail sales rose at healthy pace last month in latest sign of US economy’s health

WASHINGTON (AP) — Consumers stepped up their spending at retail stores last month, providing a boost to the economy i

S&P 500 Snaps Two-Day Climb With Fed in Focus: Markets Wrap
September 24, 2024

S&P 500 Snaps Two-Day Climb With Fed in Focus: Markets Wrap

(Bloomberg) -- The S&P 500 fell on Wednesday — after wavering for most of the session — as investors pondered the Federal Reserve’s path of rate cuts

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rally
September 23, 2024

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rally

S&P Global's flash US composite PMI came in at 54.4 in September, down from 54.6 in August. Economists had expected the index, which captures activity in bo

Fed’s preferred inflation gauge and second quarter GDP: What to know this week
September 22, 2024

Fed’s preferred inflation gauge and second quarter GDP: What to know this week

The rate cut that everyone was waiting for finally arrived. Markets offered a resoundingly positive response to the end of the Federal Reserve's tightening camp

Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work
September 20, 2024

Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work

(Bloomberg) -- Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage po

Stock market today: Wall Street romps toward records as jubilation sweeps markets worldwide
September 19, 2024

Stock market today: Wall Street romps toward records as jubilation sweeps markets worldwide

NEW YORK (AP) — Wall Street is romping toward records Thursday as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut to i

A big Fed rate cut gives Donald Trump and Jerome Powell something else to disagree about
September 18, 2024

A big Fed rate cut gives Donald Trump and Jerome Powell something else to disagree about

The Federal Reserve's decision to opt for a bigger half-percentage-point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair Je