Federal Reserve

Trump Considers Three Candidates to Succeed Fed Chief Powell

USA's president Donald Trump seems to have narrowed down his list of possible candidates to replace Fed chief Jerome Powell – and is now pointing out three top names.

US Job Market Slows with Only 22,000 New Jobs in August

USA's labor market slows down heavily. In August, only 22,000 new jobs were created outside the agricultural sector. From a market perspective, one is now fully counting on an interest rate cut later in September.

US Stock Market Sees Broad Gains Amid Labor Market Weakness

The pillars pointed upwards in the three leading indexes when the New York stock exchange closed on Thursday.

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices

The gold rally may gain new momentum if the Trump administration's attempts to clean out the Federal Reserve (Fed) damage the market's confidence in the US central bank, warn the professionals at Goldman Sachs.

Weak Dollar Drives Gold Price to Record High

The gold price on the world market has risen significantly over the past week – and has now exceeded 3,508 dollars per ounce (31.1 grams), which is a new record. A weaker dollar explains large parts of the gold surge.

Wall Street Declines After July Inflation Data Released

The stock market in New York closed the week's trading with red minus figures after important inflation figures for July were released earlier on Friday. But despite this, all three major indexes on Wall Street have risen in August.

US Inflation Steady at 2.6 Percent in July

No Decision Yet in Legal Battle Between Lisa Cook and Trump

Federal Reserve member Lisa Cook has sued US President Donald Trump, who is trying to get her removed from the central bank's board of directors. Today, a first hearing was held which ended without the court making any decision.