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Jerome Powell

Jerome Powell

Wall Street Hits New Record Levels Amid Strong US Labor Market
Business News

Wall Street Hits New Record Levels Amid Strong US Labor Market

Again, the US labor market shows stubborn strength, which reduces the chances of a rate cut. At the same time, the New York stock exchange climbed to new record levels
Bessent Backs Powell Amid Trump's Call for Resignation
Business News

Bessent Backs Powell Amid Trump's Call for Resignation

USA's Finance Minister Scott Bessent gives clear support to the central bank chief Jerome Powell after Donald Trump's outburst that he should resign. If he wants to stay, I think he should, says Bessent to the TV channel Fox Business
Asian Markets React to Wall Street Slump with Mixed Performance
Business News

Asian Markets React to Wall Street Slump with Mixed Performance

Development was mixed on Asia's leading stock exchanges in Thursday's initial trading, following yesterday evening's volatile trading on Wall Street.
Trump Reportedly Near Firing Powell, But Denies It
Business NewsTop News

Trump Reportedly Near Firing Powell, But Denies It

USA's president Donald Trump will likely fire central bank chief Jerome Powell shortly, reports American media with reference to sources in the White House. Highly unlikely, counters Trump – but leaves the door ajar
Trump Begins Process to Replace Fed Chief Jerome Powell
Business News

Trump Begins Process to Replace Fed Chief Jerome Powell

President Donald Trump is again demanding a lower interest rate in the USA. A "formal process" has already been initiated to nominate a replacement for the central bank chief Jerome Powell, according to the USA's finance minister Scott Bessent
Fed Chief Maintains Interest Rates Amid Tariff Uncertainty
Business News

Fed Chief Maintains Interest Rates Amid Tariff Uncertainty

The uncertainty is still too great about how President Donald Trump's import tariffs affect. Beth Hammack, head of the Federal Reserve (Fed) central bank's department in Cleveland, thinks it's still too early to lower the USA's interest rate
US Inflation Rises to 2.7% in May as Consumption Declines
Business News

US Inflation Rises to 2.7% in May as Consumption Declines

Core inflation in the USA rose to 2. 7 percent in May according to the so-called PCE measure
H&M and Saab Drive Stockholm Stock Exchange Gains
Business News

H&M and Saab Drive Stockholm Stock Exchange Gains

The Stockholm stock exchange rises with the defense group Saab and the clothing chain H&M as locomotives. The broad OMXS index had at closing gone up 0
Trump Considers Early Announcement of New Federal Reserve Chief
Business News

Trump Considers Early Announcement of New Federal Reserve Chief

USA's president Donald Trump is considering announcing the next head of the central bank Federal Reserve (Fed) prematurely, reports The Wall Street Journal. The purpose would be to undermine the current head Jerome Powell's monetary policy
Powell: Higher Tariffs Likely to Increase US Prices
Business News

Powell: Higher Tariffs Likely to Increase US Prices

The head of the US central bank Federal Reserve (Fed) Jerome Powell is standing firm, despite new attempts at pressure from the US President Donald Trump. There is no rush to lower the interest rate, is the message in the speech Powell will hold in the congressional finance committee this afternoon
Asian Stock Markets Decline Amid Middle East War Concerns
Business News

Asian Stock Markets Decline Amid Middle East War Concerns

Development pointed mostly downward on the leading Asian stock exchanges in the initial Thursday trading. Concerns of a broader war in the Middle East characterize the market mood
US Stock Market Shows Mixed Reactions After Fed Interest Rate Decision
Business News

US Stock Market Shows Mixed Reactions After Fed Interest Rate Decision

Wall Streets leading index closed both up and down since the US central bank Federal Reserve (Fed) as expected announced that the interest rate remains unchanged – but still expects two cuts this year.
US Interest Rate Holds Steady as Fed Signals Two Cuts This Year
Business News

US Interest Rate Holds Steady as Fed Signals Two Cuts This Year

The key interest rate in the USA remains unchanged by the central bank Federal Reserve (Fed). At the same time, they still expect two cuts later this year
US Stock Market Gains as Tesla Leads Technology Sector Rebound
Business News

US Stock Market Gains as Tesla Leads Technology Sector Rebound

The courses on the US stock exchange rose on Friday. Electric car manufacturer Tesla recovered from Thursday's huge loss and dragged the other major technology companies with it
Trump Urges Fed to Cut Interest Rates Amid Higher Job Growth
Business News

Trump Urges Fed to Cut Interest Rates Amid Higher Job Growth

It was created 139,000 new jobs outside the agricultural sector in the USA in May, shows a report from the USA's labor market department. It was more than expected
US Job Growth Slows in May with Only 37,000 New Jobs Added
Business News

US Job Growth Slows in May with Only 37,000 New Jobs Added

The USA's labor market is clearly slowing down, new figures show. President Trump was quick to demand lower interest rates
Fed May Cut Rates if Trade Tensions Ease, Says Chicago Fed Chief
Business News

Fed May Cut Rates if Trade Tensions Ease, Says Chicago Fed Chief

Trump Criticizes Fed Chair Powell for Not Lowering Interest Rates
Business News

Trump Criticizes Fed Chair Powell for Not Lowering Interest Rates

President Donald Trump met Jerome Powell, head of the central bank Federal Reserve (Fed) on Thursday. And once again, Trump criticizes the unwillingness to accommodate his desire for the interest rate
Fed Keeps Interest Rate Unchanged Despite Trump's Criticism
Business News

Fed Keeps Interest Rate Unchanged Despite Trump's Criticism

The interest rate in the USA is left unchanged by the central bank Federal Reserve (Fed). The interest rate thus remains in the interval 4
Stock Market Stalls as Cloetta Jumps 10.4 Percent
Business News

Stock Market Stalls as Cloetta Jumps 10.4 Percent

The trend was negative on the major European stock exchanges on Wednesday, despite the news that ministers from China and the US would meet later in the week to discuss the trade war. The Stockholm stock exchange fluctuated around zero during the day, and the broad OMXS index closed 0
Interest Rate Cuts Possible Later This Year Say Analysts
Business News

Interest Rate Cuts Possible Later This Year Say Analysts

Swedish households struggling with high mortgage rates should not count on help from the Central Bank this week, according to most analysts. But there may be interest rate reductions later this year
US GDP Falls 0.3 Percent in First Quarter Amid Recession Fears
Business News

US GDP Falls 0.3 Percent in First Quarter Amid Recession Fears

The US economy is stalling and a new wave of recession fears is dragging down the stock market on Wall Street. Statistics also show that unexpectedly few jobs are being created and that inflation remains at a level that makes it difficult to stimulate growth with lower interest rates
Few Clear Losers in Swedish Companies' Report Season So Far
Business News

Few Clear Losers in Swedish Companies' Report Season So Far

Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases
Stockholm Stock Exchange Gains 0.3 Percent Amid Quarterly Reports
Business News

Stockholm Stock Exchange Gains 0.3 Percent Amid Quarterly Reports

After a couple of strong days, the Stockholm stock exchange shifted to a more cautious growth in Thursday's trading. The broad OMXS index closed at plus 0
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