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The Fed issues its latest interest rate decision Wednesday. Here’s what to expect
Key Points Markets are pricing in a near-zero chance that the Federal Reserve will be cutting interest rates at this meeting — or any other in the near future. Updates to economic and rate projections also aren’t expected to show anything dramatic when the decision is released Wednesday at 2 p.m. ET. On top of […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
A customer shops in a grocery store on March 11, 2026 in Miami, Florida. Joe Raedle | Getty Images Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday. Gross domestic product, a measure of all the goods and […]
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UK economy fails to grow in January ahead of Iran war energy price shock
People visit a lookout point in Greenwich Park, with the Canary Wharf financial district in the distance, during sunny weather but cold weather in London, U.K., on Jan. 2, 2026. Henry Nicholls | Afp | Getty Images The U.K. economy flatlined in January as growth continued to slow even before the U.S.-Iran war brought about […]
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U.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets
Russian supertanker Astro Lupus waits to unload its cargo of the first direct shipment of Russian crude oil on July 3, 2002 in the Gulf of Mexico. Pool | Afp | Getty Images The U.S. on Thursday temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets. U.S. Treasury Secretary Scott […]
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Markets hopes for Fed interest rate cuts are rapidly fading away
Key Points As both energy prices and inflation fears pop, expectations for Federal Reserve interest rate cuts are sliding. Traders have taken even a September cut off the table and now see only one coming, in December. There are no additional cuts priced in until well into 2027 or even into the early part of […]
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Consumer prices rose 2.4% annually in February, as expected
Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook. The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at […]
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Rheinmetall sees sales growth of up to 45% in 2026, says it’s in ‘prime position’ to arm the U.S. amid war in Iran
German Rheinmetall MAN tactical military transport vehicles parked in the Edvard Peperko military barracks. Luka Dakskobler | Lightrocket | Getty Images German arms maker Rheinmetall said it sees this year’s sales growing by as much as 45% as it reported 2025 revenue growing 29% year-over-year, missing expectations. It also said it was in a “prime […]
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Hims & Hers shares surge 50% after Novo Nordisk drops patent infringement case over compounded weight loss drugs
Novo Nordisk has dropped its legal case against telehealth provider Hims & Hers over patent infringement, after the two companies agreed Hims would sell Novo’s branded medicines through its platform. “We have decided to drop the current court proceedings and, of course, we reserve to bring that back if need be, but I don’t foresee […]
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Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source
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