Big banks, business groups sue Fed over ‘opaque’ annual stress tests

Major banks and business groups sued the Federal Reserve on Tuesday, alleging that the central bank's annual “stress tests” on Wall Street companies violate the law. The lawsuit, filed in U.S. District Court in Columbus, Ohio, alleges that the Fed's practice of determining large banks' performance against anticipated economic disruptions and assigning capital requirements accordingly […]

Stocks have wild week after Fed move, inflation data

Bob Dole, CEO and CIO of Crossmark Global Investments, joined Craman Countdown to explain how he thinks the incoming Trump administration will impact the market. . -Stock prices have finished a volatile week ahead of the Christmas holidays. -Federal Reserve conducts silly holiday interest rate cuts -President-elect scores major investments in the US -Cryptocurrency elites […]

Key Inflation Gauge Rises Slightly in November, Offering Mixed Signals for the Fed

The Fed's recommended inflation measure rose less than expected in November, providing a glimmer of relief amid persistent price pressures that called into question the central bank's recent interest rate cuts. The personal consumption expenditures (PCE) price index rose just 0.1% last month, the Commerce Department said Friday. The figure was lower than the 0.2% […]

Gold prices steady but set for weekly losses on hawkish Fed outlook – Investing.com

Investing.com — Gold prices hovered near one-month lows in Asian trading on Friday, as the US Federal Reserve's outlook for lower-than-expected interest rate cuts in 2025 spooked investors. As a result, the stock trended downward for the week. The Fed cut interest rates by 25 basis points, as expected, but signaled it would only cut […]