Following a regulator crackdown on unregistered platforms, Apple bans fourteen cryptocurrency apps in South Korea.
Stocks slide deeper into the red after Fed chair’s ‘stagflation’ warning reignites tariff fears
A tech selloff led the major indexes lower, while the Fed chair's warning on tariffs accelerated trade war fears.
Bloom Energy, Rogers, 3D Systems, Moderna, and EchoStar Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Stocks slide as Powell warns of impact of tariffs on the economy
US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.”
Sunrun, Sphere Entertainment, Installed Building Products, AMC Entertainment, and American Airlines Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Applied Industrial, AGCO, Quanex, Lucid, and RXO Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Treasuries Rally as Fed’s Powell Focuses on Price Stability
(Bloomberg) -- US Treasuries rallied for a third day as Federal Reserve Chair Jerome Powell said the central bank will aim to prevent tariffs from leading to stickier inflation.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedDOGE Places Entire Staff of Federal Homelessness Agency on LeaveLA County Floats Leaner Budget Burdened by Fire and Legal CostsThe five-year note led
Jerome Powell sounds warning on Trump’s tariffs: ‘Highly likely’ to raise prices, ‘continued volatility’ in the markets, and the looming threat of stagflation
In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming threat of stagflation.
Fed Chair Powell: Cutting discretionary federal spending will not fix US debt problem
Federal Reserve Chair Jerome Powell on Wednesday reiterated the long-held view of Fed chairs going back decades that growth in the U.S. federal debt needs to be reined in, but he suggested that politicians are going about it the wrong way. "We're running very large deficits at full employment, and this is a situation that we very much need to address" Powell said at an event at the Economic Club of Chicago. "All of this domestic discretionary spending, which is essentially where 100% of the conversation is, is small as a percentage of federal spending and is declining ... When people are focusing on cutting domestic spending, they're not actually working on the problem."
Fed Chair Powell Emphasizes Inflation Risks Of Trump Trade War
Federal Reserve Chair Jerome Powell indicated in remarks Wednesday that central bankers are focusing on inflation concerns when evaluating the economic risks of President Donald Trump's tariffs.