Economy
Fed holds rates steady but with highest level of dissent since 1992
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold […]
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Here’s what changed in the new Fed statement
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in […]
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Fed day, Starbucks earnings, UAE leaves OPEC and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. I couldn’t help but feel a pang of déjà vu reading about Jimmy Kimmel’s return to the White House’s crosshairs. S&P 500 futures are little changed this morning. All three major averages logged a negative session yesterday. Here are five […]
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Stocks making the biggest moves premarket: Seagate, Robinhood, Humana, Generac & more
Check out the companies making the biggest moves premarket: Seagate Technology — The data storage stock popped almost 18%. Seagate sees fiscal fourth-quarter revenue coming in at $3.45 billion, plus or minus $100 million, and adjusted earnings of $5 per share, plus or minus 20 cents. That compares to the LSEG estimate of $3.97 per […]
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Treasury yields are little changed as investors await Fed decision
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images U.S. Treasury yields were little changed on Wednesday as investors awaited the outcome of what could be Jerome Powell’s […]
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Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents’ Dinner on April 25, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump threatened Iran in a Truth Social post […]
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Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years
SYDNEY, AUSTRALIA – DECEMBER 06: Pedestrians and shoppers move along George Street on December 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Australia’s inflation rate soared to 4.09% in the first quarter, marking its highest level in more than two years. The first-quarter inflation figure was lower than the […]
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Here’s everything to expect when the Fed issues its latest interest rate decision Wednesday
Key Points In what could be Jerome Powell’s final meeting as Fed chair, he and his fellow policymakers are likely to continue their cautious approach to policy as questions linger over inflation and the labor market. The interest rate-setting Federal Open Market Committee is a virtual lock to keep its benchmark short-term interest rate steady. […]
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Treasury yields rise as U.S.-Iran peace talks hit an impasse
People walk into a meeting of the Board of Governors at the Federal Reserve in Washington DC. Getty Images U.S. Treasury yields rose on Tuesday as investors awaited developments on negotiations between the U.S. and Iran, which hit an impasse over the weekend. The yield on the 10-year U.S. Treasury note — the key benchmark […]
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U.S. is ‘being humiliated by Iran,’ says Germany’s Merz, as Europe’s patience wanes
US President Donald Trump looks on during a meeting with Lebanon’s Ambassador to the US, Nada Hamadeh Moawad, and Israel’s Ambassador to the US, Yechiel Leiter, at the White House in Washington, DC on April 23, 2026. Brendan Smialowski | Afp | Getty Images The U.S. is being “humiliated” by the Iranian regime, Germany’s chancellor […]
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