All three major stock indexes were headed for losses in Wednesday's final hour of trading, dragged down in part by concerns from Federal Reserve officials about rising near-term inflation and elevated asset valuations.

Federal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.

Bitcoin stays near $114K as Fed minutes highlight inflation risks, tariff pass-through, stablecoin growth, and policy dissent.

A bold scenario could see Powell raising the Fed’s inflation target to 3%, justifying it with American exceptionalism (in GDP growth terms, America is more akin to a developing nation). A new inflation rate target would appease Trump, but also serve him ...

South Africa's rand was little moved on Wednesday, despite the country's highest inflation reading for 10 months, as investors awaited minutes from the Fed's July meeting and a symposium later this week that could provide U.

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.

Businesses maintained their inflation expectations at +2.3%, on average, in August vs. July, according to an Atlanta Fed survey released on Wednesday. Sales levels and profit margins "compared to normal" rose last month,