The solution isn’t to fire Powell, it’s to cure the underlying disease, which is excessive government spending.

Airline sector shows resilience with strong demand and positive earnings, indicating robust consumer and corporate spending despite earlier geopolitical concerns. Netflix reporting after close, remains a streaming leader, but valuation concerns persist; overall, stocks continue mild melt-up with benign retail and jobless data supporting stability.

When central banks are pressured by politicians into overheating the economy, everyone ends up getting burned.

At least three Federal Reserve policymakers spoke out this week in favor of holding interest rates steady for the time being, in contrast to two who said they were open to the idea of cutting the fed funds rate in July,

The debate over Florida's state budget continues in Tallahassee, and the Federal Reserve decided to leave interest rates unchanged for the third time. As the budget battle continues in Tallahassee ...

But lower interest rates can only do so much in the face of high home prices. In May, the median existing home price was $422,800 — the highest ever recorded for the month of May, according to ...

Brazil Central Bank Sees Rate Cut Debate as Premature, Says Official. By Reuters | June 27, 2025. ... the central bank raised its benchmark interest rate by 25 basis points to 15%, ...