Federal Reserve

Boeing, Facebook and Tesla are among the firms poised to release financial results through June.

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Powell, during a speech in Paris on Tuesday, paved the way for a rate cut in a few weeks.

“It’s better to take preventative measures than to wait for disaster to unfold,” he said. 

The president frequently attacks the Fed, and its chairman Jerome Powell, for not keeping interest rates lower.

Iran seized a British-flagged oil tanker Friday in the Strait of Hormuz amid growing tensions in the region.

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While he doesn’t control monetary policy, the least the president can do is prevent the Fed from running the private marketplace amuck by disobeying orders from Congress, the very body that created it in the first place. 

The number two man at the Fed says the U.S. economy is in a good place despite global economic concerns.

The report, prepared by the Federal Reserve Bank of St. Louis, was based on information collected through July 8. 

Kaplan is not a voting member of this year’s 10-member Federal Open Market Committee. 

Wall Street also noted the less-than-spectacular quarterly results of several major corporations.

In prepared remarks delivered at a conference in Paris, Powell laid out the case for easier monetary policy.

Higher interest rates could undermine earnings at JPMorgan Chase.

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The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.

Although Wall Street was already pricing in a 100 percent chance of easier monetary policy, the news still sent stocks soaring.

Investors continue to remain optimistic that the Fed will cut rates after Chairman Jerome Powell's testimony on Capitol Hill this week.

Powell agreed, however, that increased severe weather posed a risk to the institutions he supervises. 

Larry Kudlow said he wants to sit down with the congresswoman “very soon.”