US Economy Adds 115,000 Jobs in April, Nearly Doubling Expectations
The US Labor Department reported 115,000 new nonfarm jobs in April, nearly double market forecasts, though wage growth slowdown eased inflation concerns.
Federal Reserve
Federal Reserve Holds Rates Steady as Internal Divisions Deepen Amid $120+ Oil
The Federal Reserve kept interest rates unchanged at its April meeting, with growing divisions among policymakers on future direction. Meanwhile, oil prices surged above $120 per barrel due to the Iran conflict, intensifying inflation concerns.
Powell to Remain on Fed Board After Chair Term Ends, Denying Trump a Vacancy
Federal Reserve Chair Jerome Powell announced he will continue to serve as a Fed governor after his chair term expires in May, thwarting President Trump’s plan to appoint a new board member and triggering a new institutional showdown in Washington.
'Numbskull, Moron and Too Stupid': Trump and Powell's Biggest Clashes
As Fed Chair Jerome Powell prepares to step down and Trump’s nominee Kevin Warsh takes over, a look back at the most fractious public clashes between two of America’s most important economic figures — from ’numbskull’ to ’too stupid’ personal attacks.
Wall Street Faces Pivotal Week: Fed Decision and Big Tech Earnings Converge
Wall Street faces a crucial test this week as the Federal Reserve makes its rate decision and major tech companies report quarterly earnings, with AI investment returns at the center of market focus.
Fed Holds Rates Steady as Four Officials Dissent — Highest Level of Opposition Since 1992
The Federal Reserve kept interest rates unchanged at its April meeting, but four officials voted in dissent, marking the highest level of disagreement in nearly 34 years.
Fed April Meeting Begins: Powell's Final Rate Decision in Focus
The Federal Reserve’s April monetary policy meeting begins today with markets widely expecting rates to hold steady. This may be Chair Jerome Powell’s final rate decision before his term ends.
Fed Expected to Hold Rates Steady at What May Be Powell's Final Meeting
The Fed is expected to keep interest rates unchanged at its April meeting, which could be Chair Jerome Powell’s last, as Kevin Warsh’s confirmation process advances in the Senate.
Fed Expected to Hold Rates Steady as Powell-Warsh Transition Looms
The Federal Reserve is widely expected to hold rates steady at its April meeting as Iran-related risks drive inflation concerns and the potential Powell-to-Warsh transition adds uncertainty.
Key GOP Senator Ends Block, Clearing Way for Warsh as Fed Chair
Republican Senator Thom Tillis ends his hold on the Fed chair nominee, paving the way for Kevin Warsh’s confirmation vote as the Justice Department drops its criminal probe of Powell.