Jerome Powel

Stocks and bonds experienced hours of intense rally in New York following the Federal Open Market Committee (FOMC) meeting, during which policymakers opted to keep interest rates steady at 5.25%-5.5%. Remarks from Fed chair Jerome Powell, who emphasized caution and the consideration of financial...

Some of the market optimism seen in recent sessions could be traced back to hopes that the Federal Reserve could either pause or pivot. Economists at Goldman Sachs now say that the terminal rate – the peak fed funds rates at which the central bank would begin to pivot - could be...