Jerome Powell's successor and the Chicago Fed president foresee wildly different interest rate outcomes from the evolution of AI.
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Jerome Powell's successor and the Chicago Fed president foresee wildly different interest rate outcomes from the evolution of AI.
Is the end of the "Fed put" at hand?
A history-making raise may be on the way for Social Security beneficiaries next year -- but this is far from the full story.
After a long and controversial process, the U.S. Senate approved Kevin Warsh as the next chair of the Federal Reserve.
With a new Fed chair stepping in, uncertainty around inflation could rattle the market.
Accelerating inflation has made interest rate increases more likely, and they have historically been bad news for the stock market.
Investors got bad news on the inflation front for the second day in a row.
FEATURE Intel stock and shares of other semiconductor companies were gaining early Wednesday. The chips rally looked set to resume after a blip the previous day. Intel shares were up 4% in premarket trading, while Advanced Micro Devices was rising 2.
The two scenarios the billionaire investor cautioned about appear to be playing out.
The U.S. might be facing a testy economic backdrop, with the Iran War, worries about oil rationing, and a return of inflation, but the market continues to soldier onward and upward. The market has clung onto one balloon in particular: chipmakers. From its March lows, the VanEck Semiconductor ETF ...
While many transportation companies struggle when fuel prices rise, FedEx and J.B. Hunt are positioned to benefit from pricing power, network efficiency, and shifting freight dynamics.
The Iran war is already having a significant impact on prices.
The April jobs report showed some areas of weakness in the labor market, while consumer prices came in slightly higher than expected.
A Warsh-led Fed could create market volatility -- and opportunities.
The U.S. economy added 115,000 jobs in April, the Labor Department said, far exceeding expectations. The unemployment rate stayed unchanged at 4.3%. The jobs report puts the Federal Reserve’s focus squarely on inflation data when it comes to determining its next move on interest rates.
Powell recently announced he plans to remain on the Federal Reserve Board of Governors even after his term as board chair ends.
The U.S. economy added 115,000 jobs in April, the Labor Department said, far exceeding expectations. The unemployment rate stayed unchanged at 4.3%. Intel shares rose 14% after The Wall Street Journal reported that the chip maker struck a preliminary deal to supply chips to Apple.

<body><p>STORY: :: Lisa Bernhard, Reuters</p><p>:: Ross Mayfield, Investment Strategist, Baird</p><p>The S&P 500 and the Nasdaq rallied to record highs on Friday, boosted by gains in semiconductor stocks, while a stronger-than-expected jobs report pointed to labor market resilience.</p><p>Speaking with Reuters' Lisa Bernhard, Mayfield said that with April's nonfarm payrolls data "building on last month's strong report... you start to feel like maybe the labor market is turning a corner."</p><p>Meanwhile, shares of Intel joined the chip rally late Friday, soaring as high as 19%, after the Wall Street Journal reported on Friday that the company had reached a preliminary deal to make some chips for Apple devices.</p><p>"I certainly wouldn't want to stand in front of this momentum-driven sector," Mayfield said of the recent chip rally. "In my mind, it can't be a bubble if earnings are keeping up with price."</p></body>
Investing.com -- Wall Street has risen to new record highs on Friday, bouncing back from losses in the prior session, boosted by a jump in chip stocks and a stronger-than-expected April U.S. jobs report.