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View XLF on Yahoo Finance →2025-02-20
Fed's Musalem urges caution before 'any further adjustments' in rates
Feb 20, 2025, 3:21 PM
St. Louis Fed president Alberto Musalem on Thursday became the latest central bank official to strike a note of caution, airing concerns about inflation amid talk of higher tariffs and changing immigration policies from the Trump administration.
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
Feb 20, 2025, 12:59 PM
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities sets off alarm.
Retail trader euphoria is a warning, says Morgan Stanley’s Slimmon
Feb 19, 2025, 6:01 PM
(Bloomberg) -- A flood of retail investor cash into the most speculative corners of the stock market should be a warning for US equity bulls, according to Morgan Stanley Investment Management’s Andrew Slimmon. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote
2025-02-19
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Feb 19, 2025, 3:36 PM
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.
Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show
Feb 19, 2025, 2:01 PM
The Federal Reserve on Wednesday released minutes from its January meeting.
The 2025 stock market rally isn't just about the 'Magnificent 7'
Feb 18, 2025, 11:02 AM
The stock market's gains have broadened out to start 2025.
2025-02-17
Fed Governor Bowman says more progress on inflation is needed before further rate cuts
Feb 17, 2025, 12:07 PM
The Fed official called for more progress on inflation before the central bank engages in further interest rate cuts.
2025-02-16
Warren: Only Congress — not Trump or Musk — can 'get rid of the CFPB'
Feb 16, 2025, 12:15 PM
Senator Elizabeth Warren said Wednesday that the law clearly states only Congress can shutter the CFPB, setting up a potential legal clash with President Donald Trump after the administration moved to freeze the agency’s operations.
Americans have always sought debt relief after the holidays. Now their struggle is year-round.
Feb 16, 2025, 10:00 AM
Unaffordable car loans and ballooning credit card debt are leading more people to seek debt relief year-round, not just after the usual holiday spending season.
2025-02-14
Newman: Trump’s biggest economic vulnerability has emerged
Feb 14, 2025, 8:01 AM
Trump is headed for a showdown with bond markets. Bullying won't work.
2025-02-12
CFPB’s new leadership begins staff purge with dozens of employees terminated
Feb 12, 2025, 2:54 PM
The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.
Fed rate cuts bets trimmed as Powell says 'close but not there' on inflation
Feb 12, 2025, 11:20 AM
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and other central bank policymakers.
CPI Report: Inflation Rose Unexpectedly in January
Feb 12, 2025, 8:38 AM
The Consumer Price Index rose 3.0 percent from a year earlier as food and energy prices picked up.
'Making Money' host Charles Payne analyzes recent market moves by Wall Street and retail investors.
2025-02-11
Fed Chair Powell: 'I believe' Treasury payment system is safe
Feb 11, 2025, 12:30 PM
Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.
CFPB heads of supervision and enforcement announce resignations after stop-work order
Feb 11, 2025, 10:27 AM
The resignations add further to uncertainty at the CFPB, which has been targeted by trade groups and conservatives for years.
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Feb 11, 2025, 10:00 AM
Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
'We do not need to be in a hurry': Powell reiterates cautious Fed rate stance with US lawmakers
Feb 11, 2025, 10:00 AM
Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation and policy uncertainties from the new Trump administration.
Watch Fed Chair Powell testify live before the Senate Banking Committee
Feb 11, 2025, 9:45 AM
Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
Fed Chair Faces Lawmakers at a Critical Juncture
Feb 11, 2025, 5:02 AM
Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
2025-02-10
CFPB Employees Left Stranded and Confused After Stop-Work Orders
Feb 10, 2025, 6:05 PM
Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.
2025-02-09
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations
Feb 9, 2025, 6:18 PM
The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.
Russell Vought Orders Consumer Protection Bureau’s Headquarters Closed for a Week
Feb 9, 2025, 3:33 PM
The order to shutter the agency’s headquarters follows another order issued Saturday by Mr. Vought, who also leads the Office of Management and Budget, telling agency employees to halt nearly all their work.
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
Feb 9, 2025, 2:15 PM
CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.
2025-02-08
Federal Financial Watchdog Ordered to Cease Activity
Feb 8, 2025, 10:38 PM
In an email to staff of the Consumer Financial Protection Bureau, the agency’s acting director ordered workers to cease “all supervision and examination activity.”
2025-02-07
Interest rate cut: Impact on credit cards, savings and mortgages
Feb 7, 2025, 4:48 AM
The BBC hears from borrowers and savers about how the cut in interest rates will affect them.
2025-02-06
Bank stocks pop after Fed releases 'easier' 2025 stress test, plans to make exam more predictable
Feb 6, 2025, 1:02 PM
The stress test changes bolster the case made by Wall Street analysts that U.S. banks will face a friendlier regulatory regime under the Trump administration.
Bessent Says Trump Wants Lower 10-Year Yields, Not Fed Cuts
Feb 5, 2025, 8:17 PM
(Bloomberg) -- Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term interest rate.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl Cr
2025-02-03
Live: Trump says tariffs on Mexico paused for a month; Canada, China duties set to take effect Tuesday
Feb 3, 2025, 12:06 PM
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra
Feb 3, 2025, 11:28 AM
Bessent, a former hedge fund manager, was confirmed as head of the U.S. Treasury last week.
2025-02-01
Trump Administration Fires Consumer Bureau Chief Rohit Chopra
Feb 1, 2025, 9:51 AM
Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.
2025-01-31
New inflation reading reinforces Fed's go-slow strategy
Jan 31, 2025, 10:43 AM
A fresh reading from the Federal Reserve's preferred inflation gauge showed prices remained sticky in the final month of 2024, likely reinforcing a wait-and-see approach from the central bank.
PCE: Fed's preferred inflation gauge meets expectations in December
Jan 31, 2025, 9:09 AM
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate-cutting cycle.
2025-01-29
Fed's Powell has had no contact with Trump after president said he'll demand rates drop
Jan 29, 2025, 2:41 PM
Powell said 'it's not appropriate' for the Fed chair to respond to Trump's comments.
Federal Reserve holds interest rates steady amid inflation uncertainty
Jan 29, 2025, 2:00 PM
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
Higher Interest Rates Make Federal Debt More Expensive
Jan 29, 2025, 1:00 PM
The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Jan 29, 2025, 12:08 PM
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Fed expected to hold rates steady at FOMC meeting even as Trump dials up pressure
Jan 29, 2025, 10:00 AM
Investors today will be listening to how Fed Chair Jerome Powell addresses the potential effect that President Donald Trump could have on the future path of monetary policy.
The biggest Fed change investors will see coming: Morning Brief
Jan 29, 2025, 6:00 AM
The January Fed meeting might be considered rather pro format, given no one expects a policy change. But there are some interesting and important questions under the surface that investors may get at least some answers to.
What will the Fed do with interest rates and how will Trump react?
Jan 29, 2025, 6:00 AM
The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Trump to renew his criticism of the central bank.
What to Watch at the Federal Reserve’s First Meeting of 2025
Jan 29, 2025, 5:02 AM
The U.S. central bank is expected to hold interest rates steady as officials weigh a solid economy and rising inflation risks.
2025-01-28
The Fed meets for the first time since Trump's term started. Here's what to expect
Jan 28, 2025, 4:39 PM
If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
Jan 28, 2025, 5:02 AM
Faced with a solid economy and mounting inflation concerns, the U.S. central bank has said it will “move cautiously” on cutting interest rates.
2025-01-27
Senate Confirms Scott Bessent as Treasury Secretary
Jan 27, 2025, 6:12 PM
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
2025-01-24
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Jan 24, 2025, 2:09 PM
Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.
2025-01-23
Trump says he will 'demand' interest rates drop, hinting at coming clash with Powell
Jan 23, 2025, 12:55 PM
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
Rachel Reeves to soften non-dom tax changes
Jan 23, 2025, 7:52 AM
It comes after critics warned the plans could prompt wealthy people to leave the UK.
2025-01-21
Ray Dalio says cutting budget deficit is crucial to stabilize the bond market
Jan 21, 2025, 9:50 AM
The widely-followed investor said reducing the deficit can be achieved through higher taxes, lower spending or a combination of the two.
2025-01-20
Stanley Druckenmiller says 'animal spirits' are back in markets because of Trump with CEOs 'giddy'
Jan 20, 2025, 11:04 AM
"I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits," Druckenmiller said.
Dow futures rise 150 points on Trump inauguration day with regular trading closed
Jan 20, 2025, 10:23 AM
Traders were likely encouraged by a report that Trump wouldn't immediately install new tariffs on day one.
2025-01-19
Trump’s deregulation ‘constructive for growth’: Goldman Sachs CEO
Jan 19, 2025, 9:00 AM
Goldman Sach's top boss talked about how the incoming administration's policies could impact the economy. He focused on how the tone of deregulation could fuel business investment.
2025-01-17
Payne Capital Management president Ryan Payne gives an update on market savings on 'Varney & Co.'
2025-01-16
Stock futures are little changed after Dow ends three-day winning run: Live updates
Jan 16, 2025, 6:02 PM
The three major averages are on track for modest weekly gains.
Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Jan 16, 2025, 12:23 PM
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.
Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing
Jan 16, 2025, 1:34 PM
Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.
Stock Rally Stalls as Waller Remarks Boost Bonds: Markets Wrap
Jan 16, 2025, 12:55 PM
(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
New inflation reading likely keeps the Fed on pause for now
Jan 15, 2025, 11:13 AM
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.
2025-01-15
CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled
Jan 15, 2025, 8:36 AM
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
2025-01-14
December CPI report expected to show sticky inflation as investors recalibrate rate cut bets
Jan 14, 2025, 3:26 PM
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.
Investment bankers say Trump mergers and acquisitions boom already underway
Jan 14, 2025, 7:00 PM
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.
Wall Street Slams Hold Button in Run-Up to CPI: Markets Wrap
Jan 14, 2025, 11:24 AM
(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
2025-01-13
Elizabeth Warren has more than 180 questions for Trump Treasury pick Scott Bessent
Jan 13, 2025, 5:00 AM
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.
The optimism over US banks is about to be put to the test
Jan 13, 2025, 4:00 AM
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.
2025-01-12
Stock futures are little changed as Wall Street gears up for key economic data and the kickoff of earnings season: Live updates
Jan 12, 2025, 6:03 PM
Equities are coming off of back to back weekly losses.
2025-01-10
Fewer US interest rate cuts expected after job gains surprise
Jan 10, 2025, 10:55 AM
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.
The Fed Is in no Rush to Cut Rates, Even if There Is a Weak Jobs Report
Jan 10, 2025, 6:02 AM
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.
2025-01-09
Fed's Bowman said December rate cut was 'last step' in 'policy recalibration'
Jan 9, 2025, 2:41 PM
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.
Banks Are Racking Up Wins Even Before Trump Is Back in White House
Jan 9, 2025, 5:01 AM
Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.
2025-01-08
Rate-Cut Decision Was Narrow, Fed Minutes Show
Jan 8, 2025, 3:36 PM
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.
Fed officials are worried about the inflation impacts from Trump's policies, minutes show
Jan 8, 2025, 2:00 PM
The Federal Reserve on Wednesday released minutes from its December meeting.
Medical debt will be removed from credit reports: What this means for Americans
Jan 8, 2025, 11:37 AM
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.
2025-01-07
Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator
Jan 7, 2025, 8:36 AM
With Barr's resignation, a more precise image of incoming bank deregulation is forming.
How could the incoming Trump admin impact the mergers and acquisitions market?
Jan 7, 2025, 6:00 AM
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.
2025-01-06
Michael Barr to Leave His Role as Fed Vice Chair for Supervision
Jan 6, 2025, 11:35 AM
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.
2025-01-04
What We’re Watching in 2025
Jan 4, 2025, 8:00 AM
These big questions will define business and policy in the year ahead.
2024-12-31
Here's where Wall Street sees stocks heading after the best 2-year stretch since '97-'98
Dec 31, 2024, 4:15 PM
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.
2024-12-24
Biggest banks planning to sue the Federal Reserve over annual stress tests
Dec 24, 2024, 7:53 AM
A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.
2024-12-20
Fed rate cut dissenter, Beth Hammack, says 'there is more work to do on inflation'
Dec 20, 2024, 9:00 AM
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.
2024-12-19
The Fed is sounding more hawkish. Those voices may get louder in 2025.
Dec 19, 2024, 2:08 PM
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.
Stock market today: Dow ekes out gain, snapping longest losing streak in 50 years
Dec 19, 2024, 4:06 PM
Stocks are looking to bounce back from their worst day since the summer.
Stock market today: Dow looks to snap longest losing skid in 50 years as stocks rebound after Fed-fueled rout
Dec 19, 2024, 3:00 PM
Stocks are looking to bounce back from their worst day since the summer.
Stock market today: Dow, S&P 500, Nasdaq bounce back from Fed-fueled rout
Dec 19, 2024, 9:37 AM
Stocks are looking to bounce back from their worst day since the summer.
Fed rate cut: How it affects your bank accounts, loans, credit cards, and investments
Dec 18, 2024, 2:00 PM
How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.
2024-12-18
Bank of England expected to hold interest rates
Dec 18, 2024, 7:06 PM
Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.
Fed cuts rates by quarter point, scales back cuts for 2025
Dec 18, 2024, 2:01 PM
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.
Wall Street is betting the Fed will deliver a final 2024 rate cut and get more cautious about 2025
Dec 18, 2024, 7:57 AM
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.
UK inflation rise - what does it mean for me?
Dec 18, 2024, 7:59 AM
Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?
What to Watch as the Fed Makes Its Final 2024 Rate Decision
Dec 18, 2024, 5:04 AM
Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.
UK inflation rate rises for second month in a row
Dec 18, 2024, 2:00 AM
Economists say the faster pace of price rises all but rules out an interest rate cut next week.
2024-12-17
High on Hope, Wall St. Hears What It Wants From Trump
Dec 17, 2024, 5:03 AM
Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.
2024-12-16
Why CEOs are sucking up to Trump
Dec 16, 2024, 3:36 PM
Trump may be hitting peak popularity among billionaire businesspeople. Here's why.
Jerome Powell and the Fed Head for Another Collision with Trump
Dec 16, 2024, 5:00 AM
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.
The Fed could be on the verge of ripping up its rate script for 2025
Dec 16, 2024, 4:00 AM
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.
2024-12-13
The Fed can't just be 'data dependent' in 2025 — it needs to be 'policy dependent'
Dec 13, 2024, 6:00 AM
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.
2024-12-12
New rule limits bank overdraft fees: What to know
Dec 12, 2024, 2:02 PM
The Consumer Financial Protection Bureau (CFPB) said it is limiting banks’ ability to charge overdraft fees, and potentially saving households hundreds of dollars.
2024-12-11
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 Ticks Up, but Details Are Encouraging for the Fed
Dec 11, 2024, 5:04 AM
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will makes its final rate decision for 2024.
CPI: Live Updates on Latest Inflation Report
Dec 11, 2024, 7:58 AM
Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.
An 'unfamiliar' era for investors has arrived after a 20-year 'regime': Morning Brief
Dec 11, 2024, 6:04 AM
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.
2024-12-10
Wall Street’s Titans Can’t Wait for Trump 2.0
Dec 10, 2024, 1:45 PM
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.