FOMC

Jerome Powell became Federal Reserve Chairman in 2018 and served eight years, with his tenure leading the Fed nearing an end later this month. His time was met with challenges and investors have different feelings on his handling of COVID-19, inflation and more. Here's what Benzinga readers say...

Jerome Powell became Federal Reserve Chairman in 2018 and served eight years, with his tenure leading the Fed nearing an end later this month. His time was met with challenges and investors have different feelings on his handling of COVID-19, inflation and more. Here's what Benzinga readers say...

The Federal Reserve kept the interest rates unchanged for the third time on Wednesday, in line with market expectations. The last time the Fed announced a rate cut was in December 2025. The Federal Open Market Committee, in its statement, noted that while economic activity has been expanding at a...

Cryptocurrency bettors are almost certain that the Federal Reserve will enact a quarter-point interest rate cut at the end of its December meeting on Wednesday. Prediction Markets Give A Thumbs Up The odds of a 25 basis-point cut stood at 97% on the decentralized prediction platform ...

JP Morgan Asset Management's Bob Michele says the U.S. economy is ending the year on strong footing, with companies and consumers handling tariffs better than expected and a Federal Reserve rate cut potentially adding momentum heading into 2026. Tariffs Have Been Absorbed ‘Pretty Well’...

Leading cryptocurrencies gained on Tuesday, as investors increased their risk appetite in anticipation of a 25-basis-point rate cut. Cryptocurrency Gains +/- Price (Recorded at 9:25 p.m. ET) Bitcoin (CRYPTO: BTC) +1.16% $116,682.70 Ethereum (CRYPTO: ETH)     ...

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September. This would mark the first cut since December 2024 and would come with stock market indexes at all-time highs. Read Also: Trump’s Billionaire Backer Turns Critic — Ken Griffin...

GOP Megadonor Ken Griffin, who voted for Donald Trump in the 2024 presidential election, has publicly criticized the "risky game," the president is playing by getting involved with the Federal Reserve. What Happened: Griffin has criticized President Trump for public commentary on the Federal...

The SPDR S&P 500 ETF Trust (NYSE:SPY) closed the first day of September down 0.7%. Investors now start the month wondering if the "September Effect" is here and the market will once again post negative returns for the worst month of the year. September Declines Market experts and analysts often...

Billionaire Bill Ackman said that he was “bullish” as the money market funds hit a record, hinting that any rate cuts could direct these monies into the equity markets. What Happened: The founder and CEO of Pershing Square Capital Management, L.P., emphasized his “bullish”...

As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points. What Happened: The words “uncertain” and...

President Donald Trump's relentless criticism of Federal Reserve Chair Jerome Powell is a calculated move to weaken the U.S. dollar, according to Ed Yardeni, president of Yardeni Research. What Happened: Trump's attacks on Powell aim to pressure the Fed chair into cutting interest rates or...

Mohamed El-Erian, a prominent economist and former CEO of PIMCO, has voiced significant concerns regarding the Federal Reserve, asserting that it is “getting harder to convince people that the Fed is apolitical.” What Happened: In a recent Substack post, El-Erian identifies three...

Senior economist Mohamed El-Erian anticipated a rocky road ahead for the Federal Reserve to formulate the monetary policy, as the “uncertainties” surrounding the federal policies and geopolitical scenario “cloud” the Fed’s policy radar. What Happened: Despite the...

U.S. futures were trading higher on Wednesday as oil futures tumbled after President Donald Trump called for an "Unconditional Surrender" of Iran late Tuesday. Trump also stated in one of his Truth Social posts that the U.S. knows exactly where Iran's "Supreme Leader" was hiding, highlighting that...