At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average rose 846 points or 1.9% to hit a fresh record close of 45,631.74. the S&P 500 index gained 1.6%, and the NASDAQ Composite climbed 2%.

After several decades in which economic technocrats enjoyed a large degree of autonomy, they are now under intense pressure ...

A new paper presented at the Federal Reserve’s Jackson Hole summit says the United States could pile up government debt equal to 250% of its economy without forcing interest rates to rise, so long as ...

A jump in the share of foreign-born workers after the pandemic helped Europe bring inflation down without sharply slower ...

The assumption is that next month will see the first-interest rate cut; the question most are already asking is how many more ...

The financial world was abuzz on Friday as Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut in ...

Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a ...

The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, ...

John Luke Tyner, head of fixed income at Aptus Capital Advisors, said Powell has accepted the market's argument that the labor market is weakening and that it is a larger threat to the economy than ...

Federal Reserve chairman Jerome Powell signaled a possible interest rate cut in the months to come, sending stocks sharply ...

Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he ...

The European Central Bank is likely to keep interest rates on hold next month but discussions about further cuts may well ...