The major averages finished this past week little changed, as a light economic and earnings calendar saw investors take the week’s events in stride, even President Trump’s latest tariff surprise late Thursday. In the week ahead, however, looming developments may prove more troublesome for financial markets. Tuesday is set to be a pivotal day for…
Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER”…
By Daniel Wiessner and Jan Wolfe (Reuters) – A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook – the first time a president has pursued such action since the central bank’s founding in 1913 – in the latest step in a legal battle that threatens the…
WASHINGTON (Gray DC) – It’s a busy week in Washington as Congress holds key hearings and President Donald Trump travels abroad. Trump is set to leave Tuesday for the United Kingdom. His trip comes as the two nations look to work on a trade deal. It also follows last week’s Russian drone incursion on Poland…
Central bank independence may sound like an academic subject. But for Hong Kong, thanks to the US dollar peg, the effect of the US Federal Reserve’s independence can be very real, especially if it is being eroded. Where the US dollar lands, there goes the Hong Kong dollar. Donald Trump’s repeated criticisms of Fed chairman…
By Andrea Shalal WASHINGTON (Reuters) -A Republican U.S. senator on the finance committee on Sunday stressed the importance of an independent Federal Reserve, diverging from Vice President JD Vance’s statement that the president and elected officials should have a say in monetary policy. U.S. Senator James Lankford, a Republican from Oklahoma, told NBC’s “Meet the…
WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he…
US stocks fell from record highs on Friday as Wall Street digested an update on consumer inflation that showed prices firming higher above the Fed’s target in July. The Dow Jones Industrial Average (^DJI) fell nearly 0.5%, and the S&P 500 (^GSPC) fell about 0.7%. The tech-heavy Nasdaq Composite (^IXIC) led the retreat, down 1%….
By Daniel Wiessner (Reuters) -A federal judge on Friday will consider whether to block President Donald Trump temporarily from firing Federal Reserve Governor Lisa Cook while she pursues a lawsuit claiming Trump has no valid reason to remove her. The hearing scheduled for 10 a.m. EDT (1400 GMT) before U.S. District Judge Jia Cobb in…
Build-A-Bear Workshop (BBW) stock moved higher Thursday after the experiential retailer beat Wall Street’s expectations with record revenue and raised its full-year guidance. In the second quarter, revenue grew 11.1% to a record $124.2 million, higher than the street’s expected $116 million, per Bloomberg consensus data. It delivered adjusted earnings of $0.94, more than the…