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Reparations 'definitely' have merit and should be taken seriously, Atlanta Fed president says

Raphael Bostic said reparations should be considered and the program in Illinois is "quite interest…

Ben Winck   


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The pandemic exposed and worsened inequality, Atlanta Fed president says

"The nation must reach a place where opportunity is not so tightly linked to race," Atlanta Fed Pre…

Ben Winck   


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Inflation could hit its target sooner than expected as the US economy bounces back, Kansas City Fed chief says

Struggling industries like travel and hospitality could be placing outsized downward pressure on in…

Ben Winck   


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Democrats introduce bill calling on the Fed to fight racial inequality — marking its first mandate change in 43 years

The legislation aims to combat disparities across racial and ethnic groups in "employment, income, …

Ben Winck   


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'People are getting nervous again': Fed president says virus resurgence could prematurely freeze economic recovery

Consumer confidence is "critical" to whether the nation can bounce out of its recession, Raphael Bo…

Ben Winck   


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Atlanta Fed president Bostic warns of a 'bumpier' road ahead, and says the US economy's recovery is 'leveling off' as COVID-19 cases surge

Fed bank Atlanta chief Raphael Bostic told the Financial Times "the trajectory of this recovery is …

Saloni Sardana   


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The Atlanta Fed just named Raphael Bostic as its next president

As president of the Atlanta Fed, Bostic will lead one of the 12 regional Reserve Banks that, with t…

Akin Oyedele   


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Stock market today: US stocks slip as traders count down to Nvidia earnings

"For equities, all attention is now on Nvidia's earnings release tonight," Deutsche Bank strategist…

Jennifer Sor   


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Stock market today: Indexes slip before Nvidia reports highly anticipated earnings

Stocks dipped as traders eagerly awaited the chip giant's results. Wall Street expects Nvidia to re…

Jennifer Sor   


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Stock market today: US stocks rise ahead of Jerome Powell's speech at Jackson Hole

The past three Jackson Hole speeches have been followed by an average one-month decline of 4% in th…

Matthew Fox   


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Don't count on mortgage rates falling just yet. A Fed official says interest rate cuts may only come in the summer.

Atlanta Fed President Raphael Bostic told CNN he expects the US inflation rate to fall to "the lowe…

Huileng Tan   


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Stock market today: Indexes pop after Nvidia's blowout earnings report

Nvidia cleared a high bar, impressing investors with a big earnings beat and announcing a 10-for-1 …

Max Adams   


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Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings

Investors took a breather after the latest rally pushed indexes to new records in recent days. Nvid…

Filip De Mott   


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Stock market today: US stocks rise as traders look to resume rally ahead of fresh economic data

Investors returned to the market as they await new inflation data to come out this week. US durable…

Filip De Mott   


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Stock market today: Stocks slide for 5th session as Fed officials cast more doubt on rate cuts

The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts …

Yuheng Zhan   


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Stock market today: Dow crosses 40,000 for the first time as stocks extend record-setting run

The Dow crossed a big milestone on Thursday, with the S&P 500 extending gains after its record clos…

Max Adams   


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Stock market today: US indexes slide on strong jobs data as traders await Fed comments

Fed Chair Powell and other central bankers are expected to deliver comments on the path of rate cut…

Jennifer Sor   


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Stock market today: Rally takes a breather as investors assess Fed comments and await inflation data

Fed President Austan Goolsbee said he expects the central bank to cut interest rates three times in…

Matthew Fox   


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Stock market today: futures mixed ahead of JPMorgan, BlackRock earnings

Wall Street was eager for good news from the banks on Friday after a hot inflation report dashed ho…

Theron Mohamed   


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Stock market today: futures mixed ahead of JPMorgan, BlackRock earnings

Wall Street was eager for good news from the banks on Friday after a hot inflation report dashed ho…

Theron Mohamed