Wall Street recovers from Fri.'s shock
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With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move,
Stay updated on this week's market dynamics with Wall Street Breakfast. Key topics: Fed rate decision, Israel-Iran tensions, oil prices, & earnings reports.
U.S. stock index futures edged lower on Tuesday as conflict in the Middle East entered its fifth day, dampening global investor confidence ahead of the Federal Reserve's upcoming policy meeting.
Encouraging economic data has boosted market hopes for Fed rate cuts, but policymakers remain cautious amid lingering uncertainty over tariffs and the labor market.
Wall Street analysts don't expect much in the way of fireworks during the Federal Reserve's upcoming post-meeting press conference, slated for Wednesday. But one strategist believes the central bank could take an unconventional step regarding its messaging to help keep its options open.
The race to be the next Fed chair is underway. Days after Trump again criticized Powell and said he would name a successor “very soon,” our colleagues in Washington reported on the possible successors,
Critics are concerned that she’s too focused on what banks want - at a time when the White House is embarking on a deregulatory drive, threatening the Fed’s independence and introducing tariff-fueled economic uncertainty that could put the financial system under pressure.
Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates and the economy.