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Today: April 16, 2026
Today: April 16, 2026

Federal Reserve

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Fed leadership transition on shaky ground as clock ticks on Powell's term

The prospect of a smooth-and-on-time transition to U.S.

Fed leadership transition on shaky ground as clock ticks on Powell's term
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Fed's Williams says Middle East war will drive up inflation - Bloomberg

By Michael S.

Fed's Williams says Middle East war will drive up inflation - Bloomberg
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Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation

Federal Reserve Bank of New York President John Williams said on Tuesday that U.S.

Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation
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How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder
Business|Economy|World

Oil prices steady as Hormuz shipping constraints counter US-Iran peace hopes

Oil prices held steady on Wednesday as ongoing worries about supply disruptions offset comments by U.S.

Oil prices steady as Hormuz shipping constraints counter US-Iran peace hopes
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Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time

High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S.

Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time
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Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation

President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board

Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation
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Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism

The S&P 500 and the Nasdaq both logged record closing highs on Wednesday as investors assessed developments in the U.S.-Iran conflict and turned their

Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism
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Iran war may boost inflation, but not expectations, per Dallas Fed research

An extended disruption of the world's oil trade from the Iran war could lift headline U.S. inflation to well over 4% by year-end, with even bigger increases possible

Iran war may boost inflation, but not expectations, per Dallas Fed research
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Fed minutes of March meeting could flesh out how policymakers view war risks to economy

U.S.

Fed minutes of March meeting could flesh out how policymakers view war risks to economy
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Fed rate cut bets revived, a bit, by Iran war ceasefire

Federal Reserve policymakers may consider cutting interest rates later this year now that an agreement for a two-week ceasefire in the Iran conflict has eased

Fed rate cut bets revived, a bit, by Iran war ceasefire
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Fed minutes show growing openness to rate hikes at March meeting

A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to

Fed minutes show growing openness to rate hikes at March meeting
Business|Economy|Finance

Regional Fed banks may be key front in battle for central bank's independence

San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official

Regional Fed banks may be key front in battle for central bank's independence
Business|Economy|Finance|Stock Markets|US

Bank of America beats profit estimates as trading, investment banking shine

Bank of America beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a

Bank of America beats profit estimates as trading, investment banking shine
Business|Economy|Finance

Fed's Hammack: Rates likely on hold 'for a good while' - CNBC

By Michael S.

Fed's Hammack: Rates likely on hold 'for a good while' - CNBC
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Wall Street opens higher with earnings in focus

Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks

Wall Street opens higher with earnings in focus
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S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings 

On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday as investors were encouraged

S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings 
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US import prices increase below expectations; sharp rise anticipated due to Iran war

U.S. import prices increased less than expected in March, though the trend still pointed to firming imported inflationary pressures as the Middle

US import prices increase below expectations; sharp rise anticipated due to Iran war
Business|Economy|Finance|Stock Markets|US

Wall St futures little changed after inflation data

U.S. stock index futures were little changed on Thursday as investors assessed an in-line inflation reading and its impact on the Federal Reserve's monetary policy path.

Wall St futures little changed after inflation data
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White House confident Warsh will lead Fed in May

White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect

White House confident Warsh will lead Fed in May
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US Treasury yield forecasts creep up, but strategists cling to benign inflation view: Reuters poll

U.S.

US Treasury yield forecasts creep up, but strategists cling to benign inflation view: Reuters poll
Economy|Finance|Political|Stock Markets|US|World

Senate committee delays Fed nominee's hearing, Punchbowl reports

The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S.

Senate committee delays Fed nominee's hearing, Punchbowl reports
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US PCE inflation picks up in February; consumer spending solid

U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve

US PCE inflation picks up in February; consumer spending solid
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US labor market holds steady; inflation firmer before Iran war

New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving

US labor market holds steady; inflation firmer before Iran war