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—European shares slipped and Asian benchmarks advanced on Wednesday as a fragile truce between Israel and Iran appeared to be holding. U.S. benchmark crude gained 1.3% to $65.20 per barrel, while Brent crude, the international standard, climbed 1.1% to $66.92. Lower oil prices could give the Federal Reserve leeway to cut interest rates to help the U.S. economy.

President Trump told Congress to give Federal Reserve Chairman Jerome Powell a tough grilling when he appears Tuesday before a House panel to testify on the central bank’ s monetary policy report. We will be paying for his incompetence for many years to come,” the president posted on Truth Social before Mr. Powell testified to the House Financial Services…

The news correspondents obtained a quote from the research from American University,“ We characterize the Fed’ s interpretation of its mandate using state-of-the-art methods from natural language processing, including a collection of large language models that we modify for enhanced performance on central bank texts. For more information on this…

U.S. stocks climbed near their all-time high after oil prices eased further on hopes that Israel’ s war with Iran will not damage the global flow of crude. Oil prices fell roughly 6% and are below where they were before the Israel- Iran conflict began. That could give the Federal Reserve leeway to cut interest rates to help the economy, and its chair said it’ s waiting…

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’ s calls for immediate cuts.“ For the time being, we are well positioned to wait to learn more about the likely course of the economy before…

Sales of existing-homes in the U.S. rose 0.8% in May from the prior month, the National Association of Realtors said Monday. William Pulte, director of the U.S. Federal Housing Finance Agency, blamed Federal Reserve Chairman Jerome Powell for high interest rates, similar to criticism Powell has faced from U.S. President Donald Trump, who has been pushing Powell…

Powell has also often cited his support in Congress as a bulwark against Trump’ s attacks, but that support could wane under the president’ s ongoing assaults. Trump lashed out again early Tuesday, posting on his social media site:“ I hope Congress really works this very dumb, hardheaded person, over. In February, the last time Powell appeared before Congress, Rep….

–Sales of existing-homes in the U.S. rose 0.8% in May from the prior month, the National Association of Realtors said Monday. William Pulte, director of the U.S. Federal Housing Finance Agency, blamed Federal Reserve Chairman Jerome Powell for high interest rates, similar to criticism Powell has faced from U.S. President Donald Trump, who has been pushing Powell…

–Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates. Powell will present the Fed's Semiannual Monetary Policy Report to the U.S. House Financial Services Committee at 10 a.m. Tuesday in Washington. Last week, the president even…

The Trump administration has announced plans to discontinue minting new pennies, citing the cost of producing the 1- cent coins in relation to their value and importance in the U.S. currency system. President Trump, Elon Musk and others argue that pennies cost 3.69 cents to produce, over triple their face value. The Federal Reserve reports that penny production…

—Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump's tariffs have so far not caused the jump in inflation that…

JOHNSTOWN, Pa.– The sweeping federal budget reconciliation bill known as the One Big Beautiful Bill Act could lead to massive Medicaid cuts, increasing struggles for all hospital patients across Pennsylvania, hospital advocates say. The bill has passed the U.S. House of Representatives and is awaiting a vote by the Senate. Both congressional chambers, where…

President Trump said he may reconsider his decision not to fire Federal Reserve Chairman Jerome Powell amid Mr. Trump's growing frustration that the central bank isn't cutting interest rates. “For the time being, we are well-positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Mr….

U.S. President Donald Trump is renewing his talk of potentially trying to fire Federal Reserve Chairman Jerome Powell. Trump is upset with Powell and the U.S. central bank for it not cutting interest rates. Powell has said the Fed wants to see how Trump's tariffs impact inflation and the economy.

FINRA’ s Board of Governors met June 4-5. The Board approved two rule proposals, approved the appointments of new Advisory Committee members, met with Securities and Exchange Commission Commissioner Mark Uyeda, and received updates on FINRA’ s long-term financial planning and FINRA’ s enterprise risk management and cybersecurity program.

–President Donald Trump said Thursday that Federal Reserve Chairman Jerome Powell is costing U.S. taxpayers by not lowering interest rates. "'Too Late' Jerome Powell is costing our Country Hundreds of Billions of Dollars," Trump wrote in a social media post on Thursday. Trump's familiar criticism of the man he appointed to lead the U.S. central bank in 2017 came…

Selling pressure on the EUR/USD increased following the Federal Reserve's updated policy announcement. According to reliable trading platforms, the US Dollar saw increased gains against other major currencies after the Federal Reserve kept the federal funds rate unchanged at 4.25%-4.50% for its fourth consecutive meeting in June 2025.