News

The Federal Reserve’s power: Congress giveth and Congress can taketh away
"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by ...
Mortgage Rates Dropped Ahead of This Week's Fed Meeting—But the Link May Be Weaker Than You Think
Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...
Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...
US Treasury chief says he expects Fed chair announcement by year's end
U.S. Treasury Secretary Scott Bessent said on Thursday he is pulling together a list of potential candidates to lead the U.S.
Treasuries Steady Ahead of Federal Reserve, Refunding Outcomes
Treasuries broadly held on to the prior day’s strong gains ahead of the Federal Reserve’s monetary-policy outcome and a ...
Fed rates unchanged: Here's how S&P 500, Wall Street, Nasdaq, Dow Jones reacted to Jerome Powell's announcement
The S&P 500 edged up 0.2% on Wednesday after the Federal Reserve kept interest rates unchanged, as anticipated. The Nasdaq ...
Bessent compiling Fed chair candidates, expects announcement by year-end
U.S. Treasury Secretary Scott Bessent said Thursday he is assembling a list of potential candidates to lead the Federal Reserve, with an announcement expected before the end of 2025.
Treasury Borrowing Plan Announcement: What to Watch For
Hours before the Federal Reserve announces its interest-rate decision on Wednesday, the Treasury Department will release its ...
Global stock index sinks with dollar, bond yields after weak US jobs data
MSCI's global equities index sold off sharply on Friday and the dollar took a dive after weaker-than-expected U.S. jobs data ...