Buried in a rote US Treasury survey released on the eve of the latest holiday weekend was a question that all of Wall Street wants the answer to: What’s the Federal Reserve’s plan once it’s done drawing down its crisis-era bond holdings?
The US Federal Reserve has a dual mandate to act independently and keep inflation and employment in check, primarily by raising and lowering short-term interest rates.
Futures for Canada's main stock index rose on Thursday, supported by gains in metal prices, while investors digested earnings from some of the big tech megacaps on Wall Street.
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Jerome Powell-led FOMC maintained the policy rate steady at 4.25-4.50 per cent in the first decision of Trump's presidency after reducing the rates for three straight meetings in 2024.
U.S. stocks are mostly rising following a rush of profit reports from some of the country’s most influential companies.
The major US share indices trade moderately lower as the central bank elects to hold rates steady, with Australian shares expected to start flat. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
U.S. stocks were traded mixed on Wednesday morning with markets in a wait-and-see mode ahead of the first Federal Reserve interest-rate decision of 2025. Investors also were getting ready for quarterly earnings from some of the Big Tech companies,
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Americans aren’t strangers to debt. The average consumer owes a little over $6,000 on credit cards, per the Federal Reserve, which is problematic given the rate at which credit card interest can accrue.
Treasury yields decline after the Fed paused interest-rate cutting yesterday and amid mixed U.S. indicators. Weekly jobless claims fall to 207,000 from 223,000, indicating that labor markets remain solid.