Latest Federal Reserve System News

Stocks fall on Wall Street, giving back some recent gains

Feb. 08, 2023 16:35 PM EST

NEW YORK (AP) — Stocks fell on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign. Investors also reviewed another set of mixed earnings reports from big companies. The latest round of financial results...

Asian shares mixed after Wall St gains on Fed chair comments

Feb. 07, 2023 22:52 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Wednesday after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes. Hong Kong, Sydney...

Fed's Powell: Strong hiring could force further rate hikes

Feb. 07, 2023 18:04 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell's remarks followed...

How major US stock indexes fared Tuesday 2/7/2023

Feb. 07, 2023 16:27 PM EST

Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared. The S&P 500, the Nasdaq and the Dow rose. Comments...

Asian stocks rebound after Wall St sinks on rate fears

Feb. 06, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rebounded Tuesday after Wall Street sank under pressure from worries about higher interest rates and after Japan reported stronger wage gains than expected. Shanghai, Tokyo, Hong Kong and Seoul advanced. Oil prices rose. Wall Street...

How major US stock indexes fared Monday 2/6/2023

Feb. 06, 2023 16:29 PM EST

Stocks slipped again on Wall Street. The S&P 500 fell 0.6% Monday, its second straight fall after a stunningly strong report on the jobs market dented the market’s hopes that interest rates would ease. The Nasdaq and the Dow also fell. The sharpest action was...

Asian stocks sink after US jobs data fan rate hike fears

Feb. 05, 2023 23:29 PM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices edged higher. Wall Street wilted Friday after official data showed...

State of the Union: Biden sees economic glow, GOP sees gloom

Feb. 04, 2023 11:56 AM EST

WASHINGTON (AP) — Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. And the GOP now holds...

Wall Street rally hits wall of hot jobs, cold earnings data

Feb. 03, 2023 16:22 PM EST

NEW YORK (AP) — Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The S&P 500 fell 1% for its first drop in four days, though it took an up-and-down route to get there....

An unexpected job surge confounds the Fed's economic models

Feb. 03, 2023 12:47 PM EST

WASHINGTON (AP) — Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the U.S. economy's robust job gains out of concern that employers, desperate to hire, would keep boosting pay and, in turn, keep inflation high. But January’s blowout job...