Fed Chair Powell to testify to Congress next week, his first appearance since July
Powell is set to testify before the Senate Banking Committee on Tuesday at 10 a.m. Eastern and to the House Financial ...
Bessent on Powell: ‘I’m sure he’s going to do the right thing’
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in the central bank Chair Jerome Powell, ...
Why the labor market could be the only hope for another Fed rate cut
Federal Reserve Chair Jerome Powell appears confident in the US labor market. But that means any signs of a slowdown could ...
Trump Treasury secretary Scott Bessent relieves some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, ...
News Highlights: Top Global Markets News of the Day - Thursday at 7 PM ET
Powell is set to testify before the Senate Banking Committee on Tuesday at 10 a.m. Eastern and to the House Financial Services panel on the following day. Companies across the country are bleeding ...
Nonfarm Payrolls forecast: A softer NFP print may intensify US Dollar weakness
If the headline NFP figure shows a payroll growth below 150,000, the US Dollar downtrend could gain traction with the initial ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.