The stock market felt the heat on a recent Friday, with the S&P 500 taking a small dip. Investors were keeping a close eye on the Middle East and wondering when the Federal Reserve might start cutting interest rates. The S&P 500 ended the day at 5, 967. 84, down by 0. 22%. The Nasdaq Composite also saw a drop of 0. 51%, closing at 19, 447. 41. Meanwhile, the Dow Jone...
The Federal Reserve recently decided to keep interest rates unchanged. This decision came despite predictions of rising inflation and slower economic growth. The central bank's move was widely expected, as markets did not anticipate any changes this week. The Federal Open Market Committee maintained the key borrowing rate within the 4. 25% to 4. 5% range, a level tha...
The Federal Reserve Chair, Jerome Powell, had a sit-down with President Trump. This was their first meeting in Trump's second term. Trump wanted to talk about interest rates. He thinks they should be lower. Powell, however, made it clear that the Fed's decisions are based on economic data, not political pressure. The meeting happened at the White House. It was Trump...
A recent surge in government borrowing has investors on edge. This has led to a sharp drop in U. S. bond prices and a tumble in stock markets. The S&P 500 fell by 1. 6%, the Dow Jones Industrial Average dropped by over 800 points, and the tech-heavy Nasdaq declined by 1. 4%. Investors are nervous about central banks, including the U. S. Federal Reserve, keeping inter...
The US government's borrowing costs have seen a recent surge, reflecting ongoing economic concerns. The interest rate on long-term US government debt briefly exceeded 5% before slightly easing. This spike came shortly after Moody's, a credit rating agency, lowered the US government's credit rating. The downgrade was due to the significant increase in US debt over the...
The US economy is feeling the pinch of trade tensions. Wholesale prices took a significant dip in April, marking the steepest drop since the COVID-19 pandemic hit. This decline is largely due to the impact of tariffs on profit margins, according to recent data. The Producer Price Index, a key indicator of wholesale inflation, showed a 0. 5% decrease in April c...
The economy is shifting, and so is the Federal Reserve's approach. The central bank's leader, Jerome Powell, recently spoke about these changes. He highlighted that long-term interest rates are expected to be higher. This is due to various factors, including changes in the economy and policy adjustments. Powell's remarks came during a research conference in Washingt...
The political landscape is ever-changing, and recent developments show just how fluid it can be. President Trump has notably shifted his stance on trade deals. Initially, he was confident that his tariffs would swiftly force foreign nations into new agreements, boasting that countries were eager to negotiate. He even claimed that nations were desperate to make deals,...
The Federal Reserve, America's central bank, has chosen not to change interest rates. This is due to the uncertainty caused by President Trump's tariffs. The decision was made public on a Wednesday. This is the third time in a row that the Fed has decided not to act. The key lending rate remains around 4. 3%. The Fed's chairman, Jerome Powell, spoke about the impact...
The Federal Reserve's chair, Jerome Powell, has been a frequent target of former President Trump's criticism. Trump has repeatedly expressed frustration with Powell's approach to interest rates. He has even hinted at the possibility of removing Powell from his position. However, Trump has not followed through on these threats. Instead, he has continued to publicly cr...