All articles tagged with #fed reserve
Oil prices surged to multi-year highs on supply fears tied to geopolitical tensions, sparking a broad stock sell-off, while February payrolls fell by 92,000 and the unemployment rate ticked up to 4.4%, dampening hopes for early Fed rate cuts and keeping markets volatile as traders weighed policy and geopolitical risk. Gold edged higher and U.S. Treasuries were choppy as currencies fluctuated.
Gold tumbled as much as 8% to about $4,465/oz before closing around 3% lower at $4,718.35, while silver slid up to 7% intraday and then about 3.3% to $81.75, after Trump nominated Kevin Warsh to chair the Fed and investors weighed the policy outlook. The volatility helped push the FTSE 100 above 10,300 to a record high, with oil and copper retreating and bitcoin recovering; Deutsche Bank still expects gold to reach $6,000 this year as safe‑haven demand fluctuates. Year over year, gold is up ~65% and silver ~120%.
Stock futures fell after the S&P 500’s second straight decline as gold and silver pulled back from their gains; with President Trump signaling a forthcoming Federal Reserve chair appointment, investors are weighing contenders such as Kevin Warsh. Apple beat fiscal Q1 expectations and Sandisk issued strong guidance, highlighting AI-related infrastructure spending as a key market driver, while overall sentiment remains cautious and weekly gains are modest ahead of more earnings and policy news.
U.S. stock futures pointed to a lower open as investors weighed President Trump’s likely pick for Fed chair, Kevin Warsh, fueling concerns about Fed independence; Dow futures fell about 398 points, S&P 500 futures down ~0.9%, and Nasdaq futures down ~1.1%. Apple’s solid earnings did little to lift sentiment as Microsoft’s weaker results weighed on tech; the dollar ticked higher and Treasuries yields rose. Gold and silver prices also dropped sharply amid renewed rate‑hike concerns and Warsh speculation.
Minneapolis residents describe daily life altered by a large ICE operation with thousands of migrant apprehensions, volunteers mobilizing and schools offering online options; the Federal Reserve is expected to hold interest rates steady amid a mixed labor market and persistent inflation; and a wave of landmark social-media lawsuits heads to trial, potentially forcing changes in how platforms address youth mental health and safety.
During oral arguments, the Supreme Court signaled skepticism of Trump’s authority to remove Fed governor Lisa Cook and pressed the administration on due-process and judicial review, suggesting protection for Federal Reserve independence; with Powell’s attendance underscoring the stakes, a fast ruling could shape the scope of presidential removal power and the Fed’s autonomy.
President Trump says he will sue JPMorgan Chase for allegedly closing his accounts after the Jan. 6 Capitol attack, labeling it debanking, while JPMorgan and Bank of America deny political motives. Trump also denied offering Jamie Dimon the Federal Reserve chair, a claim Dimon rejected. The report also notes ongoing Fed independence concerns as Chair Powell disclosed a DOJ subpoena related to his testimony amid a broader investigation.
Tony Dokoupil’s debut CBS Evening News interview with President Trump runs about 14 minutes without ads, filmed at a Ford plant in Dearborn, and covers the economy, Fed chair Powell, Iran protests, and the Minnesota ICE killing, with Trump touting a strong economy, weighing foreign threats, and making power‑and‑morality remarks, all amid CBS leadership changes and questions about newsroom trust.