As for the Fed, Trump did say in a TV interview that he would not seek to remove Powell from being chairman of the Fed before his term ends next year. Many legal experts and Powell said they did not think Trump has the power, but at least this removes some of the uncertainty surrounding the central bank for the moment.

The S&P 500 and the Nasdaq were lower on Monday after U.S. President Donald Trump rekindled worries about the fallout of a global trade war by introducing new tariffs, while focus remained on the Federal Reserve's monetary policy decision later this week.

Trump announced a 100% tariff on movies produced outside the U.S. but offered little clarity on how the levies would be implemented. Movie and television production companies that film overseas fell in premarket trading.

Could mortgage interest rates decline again after this week's Federal Reserve meeting? Here's what to consider.

Federal Reserve Chair Jerome Powell will push back at his press conference on Wednesday on calls from the White House and many on Wall Street for interest-rate cuts, economists say.

These are today's mortgage and refinance rates. Mortgage rates may fluctuate this week after the Fed wraps up its May meeting.

Gold hit almost $3,300 a troy ounce on Monday, after falling last week, ahead of the Fed's next decision on interest rates, due on Wednesday.

Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week. Spot gold gained 0.

We expect Powell to push back against market pricing and signal a renewed priority on price stability. Officials like Richmond Fed President Thom

U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board Chairman before his term ends in May 2026 while describing the central banker as "a total stiff" and repeating calls for the Fed to lower interest rates.