Fed Holds Rates Steady as Powell’s Board Stay Complicates Trump’s Plan
Powell said he will stay on as a Fed governor after his chair term ends, blocking Trump from immediately filling his board seat.
1 min read
Latest
Fresh coverage on the economy, markets, and the forces moving money.
Powell Says the Fed Can Wait on Rate Cuts as U.S. Growth Holds Up
The Fed wants to see the full impact of the oil and tariff shocks before considering rate cuts.
1 min read
Megacaps Plan $650 Billion in AI Spending as Earnings Hold Up
Meta lifted its 2026 capex estimate to $125 billion to $145 billion, deepening investor focus on AI costs.
1 min read
Bank of Canada Says Housing Will Cut Canadian GDP Growth by 0.1 Points
The Bank of Canada now expects housing to subtract 0.1 percentage points from GDP growth this year, after forecasting a 0.2-point boost in January.
2 min read
Fed Holds Rates at 3.5% to 3.75% as Four Officials Dissent
Jerome Powell said he plans to stay on the Fed’s Board after his chair term ends in mid-May, pending the building-renovation probe.
2 min read
Powell ties Fed rate cuts to easing energy and tariff shocks
Powell said the Fed wants to see the full impact of energy and tariff shocks before considering cuts.
1 min read
Meta Shares Fall as Alphabet, Microsoft and Amazon Deliver Double-Digit Cloud Gains
Meta raised capex guidance to $125 billion to $145 billion, and its stock fell more than 5% after hours.
1 min read
Big Tech Earnings Show AI Revenue Growth as $650 Billion Capex Looms
Amazon, Alphabet and Microsoft posted double-digit cloud growth as AI demand kept turning into revenue.
1 min read
Bank of Canada Warns Oil Prices Could Force Rate Hikes as Inflation Jumps
The Bank of Canada held its policy rate at 2.25% for a fourth straight meeting.
1 min read
Fed holds rates steady at 3.5% to 3.75% with four dissenters
Four officials dissented, the most since 1992, with Stephen Miran favoring a quarter-point cut and three others objecting to future-cut language.
1 min read
Ackman Launches Two NYSE Vehicles in Pershing Square's $5 Billion IPO
Pershing Square’s combined IPO raised $5 billion, pricing at the low end of its target range.
1 min read
UAE Leaves OPEC as Iran War Raises Risk to Gulf Oil Exports
The UAE said April 28 it would leave OPEC after nearly six decades, while promising any extra output would come gradually with demand.
1 min read