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Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries

by News Feed Editor | Aug 22, 2025 | Financial

Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat.In a CNBC interview, the policymaker did not share the market’s enthusiasm for a cut, sparked after Chair...

Stocks making the biggest moves midday: Microchip Technology, Builders FirstSource, Zoom Communications and more

by News Feed Editor | Aug 22, 2025 | Financial

Here are some of the stocks posting the biggest moves in midday trading Friday. Mohawk Industries , Builders FirstSource – Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for...

Watch Fed Chair Powell’s full policy speech at Jackson Hole

by News Feed Editor | Aug 22, 2025 | Financial

Federal Reserve Chair Jerome Powell delivered his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming.He indicated that conditions “may warrant” interest rate cuts as the Fed proceeds...

Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’

by News Feed Editor | Aug 22, 2025 | Financial

Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers.In his much-anticipated speech at the Fed’s annual...

Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession

by News Feed Editor | Aug 22, 2025 | Financial

A “Now Hiring” sign hangs in the window of a hair salon in the Greater Boston town of Medford, Massachusetts, August 12, 2025.Brian Snyder | ReutersWage growth is doing something odd these days.Typically, wages grow at a faster clip each year for workers...

Stocks making the biggest moves premarket: Nvidia, Intuit, Workday, Ross Stores and more

by News Feed Editor | Aug 22, 2025 | Financial

Check out the companies making headlines before the bell. Nvidia – The artificial intelligence chip darling fell more than 1% after it reportedly asked some of its component suppliers to halt production of its H20 graphics processing units. The company is also...
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