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Fed’s Fifth District sees modest growth
The Federal Reserve’s Fifth District saw its economy grow modestly in recent weeks, according to the latest edition of the Fed’s Beige Book.
Stocks wobble as Wall Street questions whether the US job market has slowed by enough or too much
Stocks slipped Friday with the S&P 500 down 0.5% as weak jobs data raised questions on Fed rate cuts and fears of a possible downturn.
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
The DOJ issued subpoenas in a mortgage fraud probe tied to Fed Governor Lisa Cook, who faces a Trump push to remove her from the board.
Trump Fed pick Stephen Miran plans to keep White House job
Fed nominee Stephen Miran plans to keep his White House role, fueling Democratic criticism.
Wall Street ticks higher with hopes for coming cuts to interest rates
Stocks edged higher Thursday as bond yields fell on weak labor market data. The S&P 500 rose 0.4% while investors await Friday’s jobs report.
Key US inflation gauge holds mostly steady though core inflation ticks higher
The Fed’s preferred inflation gauge held at 2.6% in July, though core inflation ticked up, keeping rates steady despite Trump’s tariffs.
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to oust Fed Governor Lisa Cook, citing fraud claims. Cook rejected the move, saying the president has no authority to remove her.
Powell signals possible Fed rate cut, faces Trump pressure
Powell signals Fed could cut rates by September, balancing inflation and growth risks amid Trump pressure.
Powell signals Fed may cut rates soon even as inflation risks remain
Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.
Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates
NEW YORK (AP) — Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald Trump have been craving so much may be coming soon, though he gave no clear clue about when. The S&P 500 jumped 1.4% and erased all of its […]
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]
Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud
President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.
