2+ hour, 52+ min ago   (1768+ words) The dollar, battered by disruption to the rules-based global order, stands at center stage in an unfolding drama of market volatility. "American exceptionalism," the catchphrase that compelled investors to drive up U.S. asset prices from 2023 until early last year, has given…...

4+ day, 7+ hour ago   (146+ words) Powell, who was Trump's pick in 2017 to replace Janet Yellen, has served as the central bank's chair since 2018. His term expires in May. Warsh, 55, served on the Fed's Board of Governors from 2006 to 2011 and currently is a lecturer at the…...

5+ day, 19+ hour ago   (505+ words) Two Federal Reserve governors dissented against the decision to leave policy unchanged, favoring a fourth consecutive cut to borrowing costs. Powell for several months has faced pressure from President Donald Trump to cut the main interest rate to as low…...

1+ week, 22+ hour ago   (335+ words) Nearly three out of four respondents to a survey by the National Association for Business Economics expect that artificial intelligence will boost productivity this year. A quarterly survey of 1,200 CEOs across 21 countries by EY-Parthenon tracked the NABE's findings, with 58% of…...

1+ week, 4+ day ago   (340+ words) Recent federal government data suggest the outlook for the economy " and consumer spending " is brightening. Gross domestic product probably grew at a 5.4% annual rate during the fourth quarter, the Federal Reserve Bank of Atlanta said Thursday. During the third quarter,…...

1+ week, 4+ day ago   (408+ words) The central bank will probably leave the federal funds rate unchanged after a two-day meeting ending on Jan. 28, according to the CME Group's FedWatch tool. Policymakers will probably keep the federal funds rate at a range between 3.5% and 3.75% after a…...

2+ week, 6+ day ago   (419+ words) Risks to employment have increased as the labor market cooled, while the upside risks to inflation have lessened somewhat," Federal Reserve Bank of New York President John Williams said. Fed policymakers, while flagging fragility in the job market, cut the…...

3+ week, 23+ hour ago   (689+ words) Powell said the motive behind the investigation "should be seen in the broader context of the administration's threats and ongoing pressure." Powell released an unusual video and written statement on Sunday saying that although the probe focused on his congressional…...

3+ week, 5+ day ago   (406+ words) Declining wage pressures, as revealed in Bureau of Labor Statistics data released Thursday, may slow inflation toward the Federal Reserve's 2% target. Following indications of streamlining by U.S. businesses, Fed officials last month raised their estimate for economic growth this year to…...

1+ mon, 2+ week ago   (515+ words) Recent data have likely done little to ease consumer worries, with the unemployment rate rising last month to 4.6%, the highest level in four years. Recent data have likely done little to ease consumer worries. The unemployment rate rose last month…...