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Federal Reserve System

Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut

Risk of downturn not heightened following rate decision, Powell saysFederal Reserve Chair Jerome Powell does not see the risk of an economic downturn being...

CNBC Daily Open: Wall Street soars; Starbucks ousts CEO

Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThis...

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange.NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC...

Oil rises on risk of broadening Middle East conflict

Oil prices rose in early Asian trading on Thursday, extending strong gains in the previous session after the killing of a Hamas leader in...

Temporary worker drop may be signaling slowing economy

Employers launch new hiring incentives to combat the labor shortageNew benefits are being created across various industries to combat the worker shortage and attract...

Gold down as elevated bond yields weigh, U.S. jobs data in focus

Gold prices slipped on Tuesday as the U.S. dollar held firm, while investors awaited comments from Federal Reserve Chair Jerome Powell as well as...

Here’s where the economy stands as the Fed makes its interest rate decision this week

Headlines blared about the healthy job market on Friday as a report said employers added 272,000 new jobs in May. Those new workers surpassed...

Today’s jobs report: US economy added booming 272,000 jobs in May, unemployment at 4%

Scammers target recent graduates with fake job listingsScammers are stealing personal information by posing as job recruiters, and experts say they are specifically targeting...

Gold gains as U.S. dollar, yields slip; focus on jobs data

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as...

Gold drifts lower with focus on U.S. jobs data

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009.KIM JAE-HWAN | AFP...

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