The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the Federal Reserve to resume rate cuts sooner rather than later. The Labor Department reported Friday that payrolls grew by just 73,000 last month, well…
(Bloomberg) — Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce.…
Amid the White House’s unrelenting pressure campaign on Federal Reserve Chairman Jerome Powell, President Donald Trump has not only demanded that the central bank to cut rates but to lower them all the way to 1%. The federal funds rate…
Naming a so-called shadow chair for the Federal Reserve well before Jerome Powell is due to step down as the top central banker could blow up spectacularly. President Donald Trump said earlier this month his pick to replace Powell is…
(Bloomberg) — Wall Street traders drove stocks higher as bond yields sank after the latest economic data spurred speculation the Federal Reserve will cut interest rates twice this year to prevent a recession. Most Read from Bloomberg The S&P 500…
A modest bitcoin rally to a possible challenge of the $86,000 level quickly reversed during U.S. afternoon trading hours on Wednesday as Federal Reserve Chairman Jerome Powell warned on the effects of President Trump’s tariff regime. “The level of the…
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic…
Treasury Secretary Scott Bessent denies bond market panic pushed Trump into backing down on tariffs Fortune Sell-Off in U.S. Bonds and Dollar Raises Questions About ‘Safe Haven’ Status The New York Times Trump announces pause in ‘reciprocal’ tariffs for all countries but…
US stock futures held steady as Wall Street digested a second day of gains and braced for the Federal Reserve’s next policy meeting. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy…