Economy
May Jobs Report Ignites Rate Hike Fears, Sinking Big Tech Stocks
Wall Street saw a significant slump as a strong May jobs report boosted odds for higher interest rates, while big technology companies...
#Federal Reserve 70 articles
Economy
U.S. Adds 172,000 Jobs, Labor Market Gains Steam Amid Inflation Challenge
U.S. employers added 172,000 jobs in May, marking the third consecutive month of gains as the labor market strengthens. However, wage growth...
Markets
Margin Compression Looms for Consumer Brands, Fed Warns
The Federal Reserve's May Beige Book reveals consumer brands are struggling to pass on rising costs amid growing affordability pressures, leading to...
World Business
Asia Stocks Reach Record Highs, Yen Near 160
Asian stocks followed Wall Street to record highs, fueled by AI enthusiasm. The yen hovered near 160 per dollar, with traders awaiting...
Markets
Taiwan Stock Market Extends Four-Session Win Streak Above 23,400 Points
The Taiwan Stock Exchange has logged four consecutive sessions of gains, pushing above the 23,400-point mark, fueled by a positive global outlook...
Markets
Powell: Political Pressure Threatens Fed, Courts, Schools
Former Federal Reserve Chair Jerome Powell used his John F. Kennedy Profile in Courage Award speech to issue a stark warning against...
Investing
Fed Gov. Waller Boosts Stablecoins, Slams CBDCs
Federal Reserve Governor Christopher Waller champions stablecoins for extending U.S. policy influence, while dismissing central bank digital currencies as a "solution in...
Finance
US Hunger Surpasses Pandemic Peak, New Fed Survey Reveals
A new Federal Reserve Bank of New York survey shows food insecurity in the U.S. is now higher than during the peak...
Markets
Gold Falls Under $4500 Amid Rate Hike Fears
Gold prices dropped below the $4500 mark on Wednesday, extending previous losses as investors weighed inflation concerns and potential interest rate hikes.