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Payne Capital Management president Ryan Payne gives an update on market savings on 'Varney & Co.'

The three major averages are on track for modest weekly gains.

In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

(Bloomberg) -- Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?Wall Street also ke

Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing.

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

December's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as investors debate if and when the Federal Reserve will cut interest rates in 2025.

Financial business leaders converged on the University of Miami to discuss the regulatory and political landscape expected under Trump and the anticipated effect on corporate America.

(Bloomberg) -- Stocks and bonds saw small moves, with Wall Street traders unwilling to make any significant bets as they await key inflation data for clues on path of Federal Reserve rates over the next few months.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesAs E-Bikes Boom in NYC, Some Call for More RegulationsIn the run-up to Wednesday’s consumer price index, the S&P 500 was little changed after an earlier advance that came

Senator Elizabeth Warren is outlining a detailed new list of her concerns with Scott Bessent as President-elect Donald Trump’s choice for Treasury secretary prepares to go on the hot seat this week.

Investors ended 2024 brimming with optimism about US banks. What happens during the start of earnings season this week will put that optimism to a new test in 2025.

Equities are coming off of back to back weekly losses.

Jobs growth in the US surged unexpected last month. That's good news for the world's largest economy but could be "punishing" for the UK.

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

Fed governor Michelle Bowman said she supported a December rate cut as the 'last step' in the central bank's 'policy recalibration,' becoming the latest Fed official to urge caution about the path forward for monetary policy.

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The Federal Reserve on Wednesday released minutes from its December meeting.

The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.

With Barr's resignation, a more precise image of incoming bank deregulation is forming.

President-elect Trump's return to the White House could bring an uptick in mergers and acquisitions, as markets anticipate tax and regulatory reforms that will boost dealmaking.

Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.

These big questions will define business and policy in the year ahead.

Wall Street strategists see further gains for the S&P 500 in 2025 as a broadening of earnings growth and a resilient US economy continue to drive the bull market rally.

A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.

The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because 'there is more work to do on inflation,' noting that she preferred to pause given the strength of the US economy.

Some new members of a powerful Federal Reserve committee who are due to gain voting power in January could tip the central bank further in the direction of fewer rate cuts.

Stocks are looking to bounce back from their worst day since the summer.

Stocks are looking to bounce back from their worst day since the summer.

Stocks are looking to bounce back from their worst day since the summer.

How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.

Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.

The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.

Investors widely expect the Federal Reserve to cut interest rates Wednesday by a quarter percentage point, but their bigger question is whether the central bank is ready to scale back its expected cuts for 2025.

Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?

Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.

Economists say the faster pace of price rises all but rules out an interest rate cut next week.

Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.

Trump may be hitting peak popularity among billionaire businesspeople. Here's why.

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.

Investors are betting a final 2024 rate cut this week is a sure thing from the Federal Reserve this week, but the bigger question is whether the central bank is ready to scale back what it expects to do in 2025.

Fed Chair Jay Powell has taken great pains to avoid politics. But with myriad potential government policies that could affect inflation, the central banker will be forced to once again pay attention not just to the data, but to politics and fiscal policy.

The Consumer Financial Protection Bureau (CFPB) said it is limiting banks’ ability to charge overdraft fees, and potentially saving households hundreds of dollars.

Wall Street Alliance Group partner Aadil Zaman reveals what will happen to the stock market when the 'sugar high' wears off on 'Making Money.'

Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will makes its final rate decision for 2024.

Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.

As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.

The financial world sees plenty of opportunity in the return of President-elect Donald J. Trump. For now, Wall Streeters are looking past the risks.

A Chinese antitrust probe into Nvidia and looming consumer inflation data are in focus to start the week.

The labor market is not nearly as dynamic as it was in 2021 and 2022. That provides both good and bad news for workers.

The president-elect said he has no plans to remove Jay Powell before his term as Fed chair is up in May 2026, the latest in more conciliatory language from both officials.

Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.

The rebound in the job market announced Friday is likely to keep the Federal Reserve on track to cut interest rates by another quarter percentage point this month, absent any upside surprises to inflation.

So far, most equity strategy teams see the stock market rising in 2025, buttressed by another strong year of economic growth. That may favor value stocks this time — instead of yet another year of Big Tech domination.

Job openings rebounded in October as investors continued to debate how rapidly the US labor market is cooling to end 2024.

Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.

Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade of ultra-cheap money, jumping redlines during the COVID-19 pandemic, and delving more into areas like equity and climate change. But that expansive role has now shrunk to one of terse policy statements, a meat-and-potatoes debate over interest rates, a declining stash of bonds, and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking boring again. Former St. Louis Fed President James Bullard was on the policymaking team that saw the central bank's role expand during the 2007-2009 financial crisis, watched as it mushroomed again during the pandemic and sees it now morphing back into something more normal.

The market’s record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends.

Two in five new mortgages have terms that will see homeowners still making payments in retirement.

Markets project just two Fed rate cuts next year as inflation remains sticky.

Lombard Odier — one of Switzerland's oldest private banks — has been indicted by Swiss prosecutors on charges of aggravated money laundering.

About 4.4 million UK households could see their repayments increase by 2027.

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October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision.

The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.

Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.

The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

Donald Trump revealed plans to sack Mr Gensler on "day one" of his new administration.

Hwang was found guilty of fraud in a case that cost Wall Street banks billions of dollars in losses.

The Federal Reserve’s top banking regulator said Wednesday he wouldn’t leave before his term was up even if President Donald Trump tried to remove him.

Former member of the Federal Reserve Board of Governors Kevin Warsh, a contender to serve as President-elect Trump's Treasury secretary, recently criticized DEI and said it should not influence monetary policy.

The pace at which prices are going up is closely watched as it influences the future path of interest rates.

Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.

Donald Trump’s choice of former SEC boss Jay Clayton to lead an office of federal prosecutors with a history of pursuing financial crimes is notable for its complete lack of controversy — especially on Wall Street.

Here's how investors are thinking about stocks post-election.

Jay Powell on Thursday once again reinforced his intention to serve out his term as chair of the Federal Reserve while making it clear the central bank is not "in a hurry" to lower interest rates.

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor Department data shows it was highest in the Northeast.

U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.

Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as they anticipate potentially higher interest rates next year. The $23.5 billion in debt issued by financial institutions accounted for 78% of Tuesday's total $30.15 billion in high-grade bond sales, which was the fifth-largest day of overall issuance in 2024, according to a Wednesday report by BMO Capital Markets. "From yesterday's flood of issuance, it seems like banks are issuing bonds now to get ahead of what could happen next year with rates" under President-elect Donald Trump's administration, said Jack McIntyre, global fixed income portfolio manager at Brandywine Global.

The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.

Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

October's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next interest rate decision.

Wall Street firms are expected to increase bankers' bonuses this year for the first time since 2021 amid markets' rise and volatility, according to a report by Johnson Associates.

The Federal Reserve might have to rethink another cut at its December meeting if inflation surprises 'to the upside' over the next month, Minneapolis Fed president Neel Kashkari told Yahoo Finance.

As the dust settles on a post-election stock market rally, some firms have already gained

Investors have been comforted by a clear election result and are anticipating tax cuts and deregulation from a second Trump administration.

The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.

U.S. stock inflows saw the biggest day in five months, and financials had the best day on record Wednesday after the news that President-elect Trump is headed back to the White House.

As Trump allies including Elon Musk endorse ending the Federal Reserve’s independence, the central bank’s chair is reportedly ready to go to court to fight back.

The Biden economy is over. Whether Trump can do better is a 50-50 proposition.

Democrats' liberal wing has wrecked the party, and the nation suffers for it.

American voters concerned about the economy and falling behind in their household finances due to growth not keeping pace with high inflation played a major role in the election.

The Fed cut interest rates by 25 basis points, avoiding any surprises just days after the election of Donald Trump as the next US president.