Jennifer Schonberger has been a financial journalist for over 14 years covering markets, the economy and investing. At Yahoo Finance she covers the Federal Reserve, cryptocurrencies, and the intersection of business and politics. Prior to Yahoo, Jennifer covered the Federal Reserve and the economy for the Fox Business Network. She also specialized in covering investing for Kiplinger’s Personal Finance and The Motley Fool.
Yahoo Finance
Investors brace for the Fed to dial back its 2024 rate cut predictions
Most market watchers believe Fed policymakers will dial their rate expectations back this week. The question is by how much.
Yahoo Finance
Fed's stance of higher for longer likely not shaken by new inflation reading
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
Yahoo Finance
New York Fed’s Williams sees inflation easing in second half of year
New York Fed president John Williams said Thursday that he expects inflation to start coming down again in the second half of the year and once again reiterated the central bank won't lower rates until it sees further progress.
Yahoo Finance Video
Fmr. Goldman Sachs exec. to replace Mester at Cleveland Fed
A former Goldman Sachs partner will soon be leading the Federal Reserve Bank of Cleveland. Beth Hammack worked at Goldman for 30 years, most recently as co-head of the global financing group. Hammack will replace Loretta Mester as president and CEO of the bank. Mester's last day is June 30. Hammack's tenure will begin on August 21, with Cleveland Fed First Vice President Mark Meder serving as interim president and chief executive officer. Hammack will become a voting member of the Federal Open Market Committee upon taking office. Yahoo Finance's Jennifer Schonberger reports the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich.
- See Also2024 NBA Finals: Kristaps Porziņģis lifts Celtics in return, reminding Boston of what it's been missingFord Motor Company (F) Latest Stock News & Headlines - Yahoo FinanceWeek 12: Small Review of K League 12How the latest transfer portal rumblings could impact Big 12 basketball
Yahoo Finance
Beth Hammack, ex-Goldman exec, named next Cleveland Fed president
The Cleveland Fed named former Goldman Sachs executive Beth Hammack as its next president, adding a longtime Wall Street figure to the powerful central bank committee that decides the direction of interest rates.
Yahoo Finance
Fed’s Kashkari 'not ruling out' a hike but expects rates to hold steady for 'extended' period
Minneapolis Fed president Neel Kashkari said Tuesday he is still not ruling out an interest rate hike, but it’s more likely the central bank could hold rates steady for an "extended" time as it waits for inflation to drop.
Yahoo Finance Video
AI regulation: Senate pushes NO FAKES Act to protect artists
A new bill called the NO FAKES (Nurture Originals, Foster Art, and Keep Entertainment Safe) Act from the US Senate is being proposed as backlash from the entertainment industry grows over the use of AI which copies and/or mimics actors and musicians voices and work without their permission. Yahoo Finance Reporter Jennifer Schonberger joins Catalysts to break down the latest on the bill from Capitol Hill as lawmakers seek to regulate this use of AI that affects the movie and music industries. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Yahoo Finance
Washington pushes for new AI rules protecting artists as Hollywood backlash mounts
Senators are pushing to introduce a bill as early as June that would set rules governing the use of AI in the music and movie industries, an effort that coincides with new AI tensions roiling Hollywood.
Yahoo Finance Video
Ether ETF approval: What happens next
The Securities and Exchange Commission (SEC) has given the green light to the New York Stock Exchange (^NYA) and Nasdaq (^IXIC) to begin listing ether exchange-traded funds (ETFs), but has yet to give approval to money managers that want to issue the new ethereum-exposed (ETH-USD) funds. The regulator has not given any indication of its timeline, but Yahoo Finance's Jennifer Schonberger joins Morning Brief to discuss what is likely to happen next and sheds light on SEC Chair Gary Gensler's recent comments. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy
Yahoo Finance
SEC greenlights exchanges to list ether ETFs, still needs to approve money manager filings
Regulators gave major securities exchanges the green light to list exchange-traded funds that hold ether, the first major step toward allowing the new products to trade.
Yahoo Finance Video
Crypto on the Hill: Future of the FIT21 Act after House vote
The US House of Representatives will vote on a new bill — the Financial Innovation and Technology for the 21st Century Act, or FIT21 — that would set up a regulatory framework for the crypto market. Cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD) are moving higher on this news as the Securities and Exchange Commission (SEC) also approaches a deadline for possible approval on an ether ETF. Yahoo Finance Reporter Jennifer Schonberger provides the latest updates on the crypto legislation and what it may mean for digital assets as a whole. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Yahoo Finance
Some Fed officials willing to raise rates if needed: Meeting minutes
Fed officials said at their last policy meeting that rates would likely stay higher for longer if inflation readings continued to disappoint, while some policymakers discussed their willingness to raise rates if needed.
Yahoo Finance Video
Bitcoin and ethereum rally on proposed crypto legislation
Bitcoin (BTC-USD) and ethereum (ETH-USD) are rallying this week as investors are optimistic about a new regulatory framework and approval for an ether ETF that could boost the industry. Yahoo Finance reporter Jennifer Schonberger has more on the new legislation that could change the crypto sector. The House is set to vote today for the first time on crypto legislation known as the Financial Innovation and Technology for the 21st Century Act, or FIT21. This act would make the Commodities Futures Trading Commission (CFTC) the leading regulator of digital assets and establish consumer protections. Republican lawmakers say FIT21 will bring clarity to the crypto industry, while Democrats believe it would effectively deregulate most cryptocurrencies by removing them from the Securities and Exchange Commission's (SEC) purview. The vote will occur around 5 p.m. ET today and is expected to pass. However, FIT21's future in the Senate remains unclear. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Yahoo Finance Video
Boston, Cleveland Fed presidents call for more inflation data
Cleveland and Boston Federal Reserve presidents both reinforced the Central Bank's message of higher-for-longer interest rates, saying they need further evidence of cooling inflation before the Fed moves forward with rate cuts. Yahoo Finance's Jennifer Schonberger reports more on what top Fed leaders say about inflation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Read More about the latest Fed speak here This post was written by Melanie Riehl
Yahoo Finance
Crypto world hopes for breakthroughs this week in Washington
The crypto world is seeking gains this week in Washington as it pushes for a new regulatory framework and new ether ETFs that could expand the mainstream appeal of digital assets.
Yahoo Finance Video
FDIC Chair Gruenberg resigns amid toxic workplace crisis
The Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg announced his resignation this week in the wake of a workplace probe, which uncovered a troubling culture of sexual harassment and discrimination at the agency. However, Gruenberg will remain as chair until a successor is confirmed. Yahoo Finance's Jennifer Schonberger delves into the details, providing insight into the potential implications Gruenberg's resignation could have for future policies at the FDIC. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Yahoo Finance
Fed’s Waller needs 'several more months' of inflation progress before cutting rates
Fed governor Chris Waller said Tuesday he needs to see several more months of favorable inflation data before lowering rates, the latest central bank official to adopt a higher-for-longer stance.
Yahoo Finance
FDIC Chair Martin Gruenberg to step down as new bank rules loom
FDIC Chair Martin Gruenberg said Monday that he is prepared to step down, a shake-up that could have implications for an aggressive campaign to impose tougher regulations on US banks.
Yahoo Finance
Two Fed governors see holding rates higher for longer amid slow-moving inflation
Two Federal Reserve governors reiterated Monday they see holding rates at current levels until there is more evidence inflation is falling, the latest central bank officials to stress a higher-for-longer stance.
Yahoo Finance
Fed's Bowman sees inflation remaining higher for longer, won't rule out a rate hike
This week's positive data on inflation hasn't swayed Fed Governor Michelle Bowman's thinking.
