Walmart drops after earnings miss, Meta weakens, and traders stay cautious ahead of Powell’s Jackson Hole speech. US stocks drift lower across key indices.

US stocks are lower around midday, with investors feeling less confident in a September rate cut. A rare earnings miss by Walmart weighs on the Dow.

To be sure, investors have reason to be cautious. Back in 2022, Powell's keynote speech at Jackson Hole stopped a torrid bear-market rally when he insisted that the central bank remained committed to ...

Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers were making a policy decision tomorrow.

Kansas City Fed president Jeffrey Schmid opened the door to rate cuts in September, but remains wary of inflation pressures in the economy.

Grownups like Powell and Cook are firm, but restrained. In a piece about Powell this week the WSJ quoted one of his former colleagues as saying, “I think it is no more subtle than he wakes up every ...

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high ...

Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage ...

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation ...

U.S. stock indexes are edging lower on Thursday as Walmart drags Wall Street toward a fifth straight loss and hopes dim a bit for coming cuts to interest rates. The S&P 500 ...

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high ...