Latest Federal Reserve System News

How major US stock indexes fared Wednesday 8/10/2022

Aug. 10, 2022 16:51 PM EDT

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as...

EXPLAINER: Mixed US inflation signs. Where are prices going?

Aug. 10, 2022 16:49 PM EDT

WASHINGTON (AP) — Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices didn't budge at all from June after 25 straight months of increases. With gas prices continuing to fall, inflation is probably slowing further...

Wall Street hits 3-month high as inflation cools

Aug. 10, 2022 16:46 PM EDT

NEW YORK (AP) — Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month. The encouraging inflation update sparked speculation that the Federal Reserve may not have to remain...

Lower prices offer Americans slight reprieve from inflation

Aug. 10, 2022 16:16 PM EDT

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July compared with a year earlier, the...

Asian stocks fall ahead of US inflation

Aug. 10, 2022 00:25 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined. Oil...

Asian shares mostly decline on global technology downturn

Aug. 08, 2022 23:57 PM EDT

TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb...

Asian stocks mixed after US job gain paves way for rate hike

Aug. 08, 2022 00:06 AM EDT

BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. ...

Wall Street falls as jobs data suggests Fed hikes not over

Aug. 05, 2022 16:50 PM EDT

NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The benchmark S&P 500 ended just 0.2% lower after recovering from an early slide as...

'What recession?': US employers add 528,000 jobs in July

Aug. 05, 2022 16:26 PM EDT

WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another notch,...

How major US stock indexes fared Friday 8/05/2022

Aug. 05, 2022 16:26 PM EDT

Stocks are closing mostly lower Friday after new data on the hot U.S. jobs market suggested the Fed won’t soon rein in its aggressive rate hikes. The S&P 500 and the Nasdaq fell, while the Dow Jones industrials notched a small gain. Employers unexpectedly...