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The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
Gold is on track for a fourth consecutive weekly decline as rising U.S. rate-hike bets strengthen the dollar, pressuring the metal's price. A fragile U.S.-Iran agreement and a Strait of Hormuz incident add geopolitical risk but have not been enough to offset the dollar's pull.
Silver has fallen 14% this week to a seven-month low as US Fed rate cut expectations fade and bond yields rise. The drop pushes silver below half its January 2026 all-time high, with easing geopolitical tensions removing a second pillar of support.
Alan Greenspan, who led the US Federal Reserve from 1987 to 2006 under four presidents, has died at 100. His tenure defined modern central banking but also drew lasting criticism for regulatory failures that contributed to the 2008 financial crisis.
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
Nasdaq 100 futures fell 1.3% as a chip stock selloff deepened and Brent crude rebounded on Middle East tensions. Investors are on edge ahead of CPI inflation data that could further shift expectations for Federal Reserve rate cuts.
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
The Nasdaq dropped 4% on Wednesday as rising bets on Federal Reserve rate hikes hit AI and technology stocks hard. The S&P 500 and Dow Jones also fell, reflecting broad investor concern that borrowing costs could stay higher for longer.
Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.
Wall Street was set for a muted open as investors processed the latest inflation data and monitored Middle East peace signals. Neither input provided a strong enough catalyst to move the Dow or Nasdaq decisively in either direction.
U.S. consumer prices rose 3.8% year over year in April 2025, up sharply from 3.3% in March, driven by gasoline prices linked to the Iran conflict. The acceleration complicates Federal Reserve rate-cut plans and raises borrowing costs for households and businesses.
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
Trump's visit to China and a key U.S. inflation report are the two biggest market movers to watch this week. Trade signals from Beijing could affect tariffs and supply chains, while the inflation data will influence the Federal Reserve's rate-cut timeline.
U.S. stocks hit new record highs as a stronger-than-expected jobs report and a chip-stock rally lifted major indexes. Solid labor data eased recession fears while semiconductor strength signaled continued technology investment demand.
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
US stocks hit record highs after a strong jobs report outweighed concerns about rising oil prices. Healthy employment data boosted investor confidence in consumer spending and corporate earnings, offsetting fears that higher oil costs could pressure margins and inflation.
Tag
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
45m ago · 3 min · Policy & Government
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
22h ago · 3 min · Policy & Government
US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
3d ago · 3 min · Economy
Gold is on track for a fourth consecutive weekly decline as rising U.S. rate-hike bets strengthen the dollar, pressuring the metal's price. A fragile U.S.-Iran agreement and a Strait of Hormuz incident add geopolitical risk but have not been enough to offset the dollar's pull.
3d ago · 3 min · Markets
Silver has fallen 14% this week to a seven-month low as US Fed rate cut expectations fade and bond yields rise. The drop pushes silver below half its January 2026 all-time high, with easing geopolitical tensions removing a second pillar of support.
5d ago · 3 min · Markets
Alan Greenspan, who led the US Federal Reserve from 1987 to 2006 under four presidents, has died at 100. His tenure defined modern central banking but also drew lasting criticism for regulatory failures that contributed to the 2008 financial crisis.
7d ago · 3 min · Global Affairs
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
19d ago · 3 min · Economy
US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.
19d ago · 3 min · Markets
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
19d ago · 3 min · Economy
Nasdaq 100 futures fell 1.3% as a chip stock selloff deepened and Brent crude rebounded on Middle East tensions. Investors are on edge ahead of CPI inflation data that could further shift expectations for Federal Reserve rate cuts.
20d ago · 3 min · Markets
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
21d ago · 3 min · Economy
The Nasdaq dropped 4% on Wednesday as rising bets on Federal Reserve rate hikes hit AI and technology stocks hard. The S&P 500 and Dow Jones also fell, reflecting broad investor concern that borrowing costs could stay higher for longer.
22d ago · 3 min · Markets
Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.
23d ago · 3 min · Markets
Wall Street was set for a muted open as investors processed the latest inflation data and monitored Middle East peace signals. Neither input provided a strong enough catalyst to move the Dow or Nasdaq decisively in either direction.
1mo ago · 3 min · Markets
U.S. consumer prices rose 3.8% year over year in April 2025, up sharply from 3.3% in March, driven by gasoline prices linked to the Iran conflict. The acceleration complicates Federal Reserve rate-cut plans and raises borrowing costs for households and businesses.
1mo ago · 4 min · Economy
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
1mo ago · 3 min · Economy
Trump's visit to China and a key U.S. inflation report are the two biggest market movers to watch this week. Trade signals from Beijing could affect tariffs and supply chains, while the inflation data will influence the Federal Reserve's rate-cut timeline.
1mo ago · 2 min · Global Affairs
U.S. stocks hit new record highs as a stronger-than-expected jobs report and a chip-stock rally lifted major indexes. Solid labor data eased recession fears while semiconductor strength signaled continued technology investment demand.
1mo ago · 2 min · Markets
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
1mo ago · 2 min · Economy
US stocks hit record highs after a strong jobs report outweighed concerns about rising oil prices. Healthy employment data boosted investor confidence in consumer spending and corporate earnings, offsetting fears that higher oil costs could pressure margins and inflation.
1mo ago · 2 min · Markets