Trump calls Fed Chair Jerome Powell a 'fool' after central bank keeps rates steady - CNBC
This is breaking news. Please refresh for updates. President Donald Trump derided Federal Reserve Chairman Jerome Powell once again Thursday,...
Sign up for Global Macro Playbook: Stay ahead of the curve on global macro trends.
Trump rips Powell after Federal Reserve holds rates steady: 'FOOL'
President Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady...
Fed's Powell says he never seeks to meet with any president | Reuters
Federal Reserve Chairman Jerome Powell said on Wednesday that he never seeks to meet with any U.S. president and to the extent he has had such a...
This year is ugly for energy, but one income-producing corner of the market is holding up
... the falling price of oil. U.S. crude oil futures tanked nearly 19% last month, while Brent crude , the international oil benchmark, slid more than 15%...
Oil Advances as Trump Announces 'Full' US Trade Deal With UK - Bloomberg
Oil rose as President Donald Trump said the US reached a trade agreement with the UK, the first of his promised deals with countries around the...
Global central banks diverge as tariff risks hamper US Fed - Reuters
The Bank of Japan, long-expected to pursue rate hikes, has turned cautious as it waits to see how tariffs will affect its export-focused economy...
Asia-Pacific stocks trade mixed as investors await China trade data - CNBC
This beats the forecast of a 0.2% climb from economists, and could afford the Bank of Japan more room to raise interest rates and normalize its...
Japan March real wages dip, consumer spending up - Reuters
The mixed wage and spending data highlights Japan's challenging growth outlook, as the export-reliant economy faces tariff threats and uncertainty...
Bank of England cuts rates to 4.25% as it sees tariff hit to growth - Reuters
The BoE has now cut interest rates by the same amount as the U.S. Federal Reserve since mid-2024 but by less than the European Central Bank due to...
ECB Officials Briefed on Military Threat Posed by Putin's Russia - Bloomberg News
The European Central Bank Governing Council was given an in-depth analysis of the risks posed by potential Russian military aggression in eastern...
Stock futures are flat following rally on U.S.-UK trade deal framework: Live updates - CNBC
"If the administration can follow this up with additional agreements, it would go a long way toward healing a stock market that has been battered and...
Stocks Rise as Trump Says 'Buy' Before China Talks: Markets Wrap - Bloomberg
Wall Street's risk-on mood prevailed on Thursday, with stocks up and bonds down as Donald Trump announced a trade deal with the UK while noting...
Dow closes 200 points higher after Trump announces outline of UK trade deal: Live updates
... stock market calm, according to UBS' global wealth management team. "We ... Small-cap stocks saw outsized gains amid Thursday's broad market rally.
China loosens gold import quotas with eye on arresting yuan rally - Reuters
The People's Bank of China's (PBOC) gold import quotas for the country's big banks determine how much bullion enters the world's leading consumer...
China's latest stimulus measures fail to impress as investors focus on U.S. trade talks
People's Bank of China Governor Pan Gongsheng on Wednesday announced to cut key policy rates by 10 basis points and lower the amount of cash that...
Iron Ore Falls as China Steel Body Says Output Curbs Underway - Bloomberg
Futures fell as much as 2.3%, paring gains from Wednesday when the People's Bank of China announced easing measures, including cutting the seven...
OPEC April oil output edges lower despite plans for hike, survey finds | Reuters
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on...
Gold reverses course on US-Britain trade deal hopes; focus on China-US trade talks
Fed sees rising risks to economy as it leaves rates unchanged · US, Britain to announce trade deal on Thursday, New York Times says · Pakistan vows...
Trump is set to announce his first trade deal since his tariffs sent markets reeling - NPR
The U.S. economy shrinks as Trump's tariffs spark recession fears ... Trump did not reveal the name of the country, nor the terms, saying only that it...
U.S. exports of natural gas liquids touch record high in April | Reuters
The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as ethane, butane and propane,...
Occidental reports quarterly profit beat on strong output, natural gas prices | Reuters
Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% sequentially, while U.S. natural gas prices have been on an...
Equities rise with dollar, bond yields on trade optimism after US-UK deal | Reuters
Marc Jones is a senior global markets correspondent based in London with a focus on economics, central banks, policymakers, and crises. Previously he...
Treasury yields climb as U.S.-UK trade deal brightens global growth outlook
The 10-year yield hit its high of the day after the announcement, and U.S. equities also rallied on the news. Thursday's bond market move came one day...
Watch Powell Got Bond Market Reaction He Wanted: JPM AM's Berro - Bloomberg
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, says Federal Reserve Chair Jerome Powell created “max optionality for...
Not a great year for Wall Street bonuses so far - Axios
Fixed income sales and trading, 10% to 20%. Investment banking Debt underwriting, 5% to 15%. Private credit, 0. Private equity, 0 to -5%. Hedge funds...
The Fed holds interest rates steady as Trump's tariffs spark uncertainty - NPR
The decision to keep the Fed's benchmark borrowing rate between 4.25% and 4.5% was widely expected by financial markets despite the president's...
Fed sees rising risks to economy as it leaves rates unchanged | Reuters
US central bank leaves policy rate in 4.25%-4.50% range · Outlook remains uncertain as Trump policies evolve · Policy statement cites still-solid pace...
Fed warns of stagflation while Trump signals a hard line in China talks
The central bank's federal funds rate was kept at a target of 4.25% to 4.5%. ... Investors believe the Fed will continue to hold interest rates steady...