The Federal Reserve’s June Federal Open Market Committee meeting minutes will be released on Wednesday afternoon. Yahoo Finance Reporter Jennifer Schonberger joins Morning Brief to discuss what to expect from the Fed’s meeting minutes. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post […]
Tag: Feds
Market is ‘pretty consistent’ with Fed’s rate cut uncertainty
Federal Reserve Chair Jerome Powell is speaking at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal on Tuesday, stating the US Fed has “made quite a bit of progress” on tamping inflation down to its 2% target. The Morning Brief welcomes on Marketgauge.com chief strategist Michele Schneider, who believes the market […]
Miami ‘climate tech hub’ gets $20 million from feds. Focus will be on reinforcing coast
South Florida got the nation’s first climate tech hub last year and now it’s getting money to make it run — $19.2 million that the Biden administration announced on Tuesday. Fittingly, much of the initial federal funding will go toward training and research that will be key to building a coastline more resilient to the […]
Three men face federal charges after feds seize thousands of fentanyl pills in Spokane
Jul. 1—Three men face federal drug charges after the Drug Enforcement Administration seized thousands of fentanyl pills and methamphetamine in Spokane. Osvaldo Guadalupe Soto-Orduno, Jose Roman Lizarraga Gerardo and Jose Efrain Gonzalez Rodriguez were charged with conspiracy to distribute 400 grams or more of a mixture containing fentanyl and 500 grams or more of a […]
Another shot at a Boise-Salt Lake City Amtrak rail line? Feds include route in review
A new passenger rail line in Boise may have another route forward after hopes for the service were stymied last year from a blown opportunity for federal funding. The Federal Railroad Administration continued work this month toward mapping an expanded network of routes across the U.S., including the defunct Pioneer Line that made several stops […]
Feds weigh in against Florida’s Pronoun Law
The federal government “has a strong interest” in a lawsuit challenging a controversial Florida law requiring teachers to use pronouns that align with their sex assigned at birth, according to a brief filed this week by the Biden administration. Attorneys in the U.S. Department of Justice’s Civil Rights Division filed a friend-of-the-court brief in the […]
Top U.S. banks hike dividends after sailing through Fed’s stress test
By Nupur Anand NEW YORK (Reuters) -U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve’s annual health check. JPMorgan Chase, the largest U.S. lender, hiked its dividend to $1.25 a share from $1.15, according […]
Top U.S. banks hike dividends after sailing through Fed’s stress test
By Nupur Anand NEW YORK (Reuters) -U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve’s annual health check. JPMorgan Chase, the largest U.S. lender, hiked its dividend to $1.25 a share from $1.15, according […]
Several Haitian migrants found at exclusive Florida Keys gated community, feds say
A day after almost 120 people from Haiti arrived in Key West on a migrant sailboat, a small group of Haitians landed on the shores of a gated community about 120 miles away at the opposite end of the Florida Keys, according to local police and federal agents. Thursday night, around 8:15 p.m., the Monroe […]
Wall Street Falters Despite Drops In Fed’s Favorite Inflation Rate; Energy Stocks, Yields Rise On Trump’s Debate Performance: What’s Driving Markets Friday?
Wall Street Falters Despite Drops In Fed’s Favorite Inflation Rate; Energy Stocks, Yields Rise On Trump’s Debate Performance: What’s Driving Markets Friday? Wall Street experienced a lackluster session during midday trading in New York, with major indices inching slightly lower despite the arrival of positive inflation data. In May 2024, the Personal Consumption Expenditure (PCE) […]
Fed’s preferred inflation gauge shows prices rose at slowest pace since March 2021
The latest reading of the Fed’s preferred inflation gauge showed inflation eased in May as prices increased at their slowest pace since March 2021. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 0.1 % in May from the […]
Indexes edge higher, yields fall ahead of the Fed’s favorite inflation gauge
Wall Street traders on Thursday were bracing for PCE inflation data for May. Momo Takahashi/BI Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday’s session, […]