Fed Holds Rates Steady; Powell Says 'We Are Prepared to Move'

Fed Holds Rates Steady; Powell Says 'We Are Prepared to Move'

The Fed's monetary-policy committee voted to keep the benchmark U.S. interest rate at 2.25% to 2.5%, but warned of risks to the U.S. economy and dropped a pledge to remain 'patient' on future rate cuts.

SEC Fines Accountant KPMG $50 Million for Cheating Despite 'Integrity' Pledge

SEC Fines Accountant KPMG $50 Million for Cheating Despite 'Integrity' Pledge

KPMG, the giant accounting firm, agrees to pay $50 million to settle Securities and Exchange Commission accusations that employees cheated on internal training exams and altered past audit work based on stolen information.

June's Market Outlook: Time for Aggressive Capital Preservation?

June's Market Outlook: Time for Aggressive Capital Preservation?

Adviser Rob Isbitts says he's getting the sense that the markets are less patient now than earlier this year. Sometimes in investing, they ring the proverbial bell and the sellers pile on.

Stick With the Shorter Side of the Yield Curve in This Market

Stick With the Shorter Side of the Yield Curve in This Market

This is why rates rose the day the Fed made such strongly dovish comments, and how you should manage your fixed income portfolio in response.

U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash

U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash

The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.

U.S. Inflation Gauge Jumps in April, Shows Fastest Price Increases Since 2017

U.S. Inflation Gauge Jumps in April, Shows Fastest Price Increases Since 2017

Prices on consumer purchases, excluding food and energy, rose by 0.25% in April, the most since October 2017, a report from the Commerce Department's Bureau of Economic Analysis shows. The Federal Reserve monitors this price index on 'core' consumer purchases when setting benchmark U.S. interest rates.

U.S. Consumer Confidence Surges in May Even as Economy Shows Mixed Signs

U.S. Consumer Confidence Surges in May Even as Economy Shows Mixed Signs

The Conference Board says its monthly gauge of consumers' faith in future economic prospects rises faster than expected in May, at least partly thanks to a U.S. unemployment rate at a half-century low.

Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board

Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board

An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.

Federal Reserve Minutes Show Disagreement on Whether Inflation Will Stay Low

Federal Reserve Minutes Show Disagreement on Whether Inflation Will Stay Low

The Federal Reserve releases minutes from a closed-door two-day meeting that monetary-policy officials held in Washington on April 30 and May 1. The discussion preceded their decision to hold official U.S. interest rates steady in their current range of 2.25% to 2.5%.

Checking the Pulse of the U.S. Economy: Too Much Debt?

Checking the Pulse of the U.S. Economy: Too Much Debt?

Mark Hulbert says the antidote to overconfidence is to periodically step back and assess the health of the economy.