Economy
Here are five key takeaways from the Fed’s big interest rate decision
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate […]
Read More
Johnson says Democrats will ‘lose that battle’ if shutdown hinges on ACA subsidies
House Speaker Mike Johnson accused Democrats in Congress on Wednesday of inserting “partisan political preferences” into the government funding fight, and said they are risking a shutdown if they don’t drop their demands. “It doesn’t make any sense, and they’re going to lose that battle,” Johnson said on CNBC’s “Squawk Box” of his Democratic colleagues. […]
Read More
Fed approves quarter-point interest rate cut and sees two more coming this year
watch now VIDEO2:2202:22 Fed lowers rates by a quarter point The Exchange WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is still in the […]
Read More
Sales of heavy trucks are falling like the U.S. is headed for a recession
Data tracking the sales volume of large trucks in the U.S. is flashing a warning sign about the state of the economy. Heavy trucks sales — or those exceeding 14,000 pounds in gross vehicle weight — have dropped to levels not seen in four years, according to the U.S. Bureau of Economic Analysis. The volume […]
Read More
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Key Points Federal Reserve Governor Stephen Miran dissented from the Fed’s decision to lower its key interest rate by a quarter percentage point on Wednesday. Miran, the Trump appointee that the Senate confirmed to the Fed Board of Governors just a day before the two-day policy meeting kicked off, preferred a half-point cut. The governor […]
Read More
Fed set to cut rates, but forecast for rest of 2025 is key to markets with politics clouding the picture
Key Points The Fed meets with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers. While the rate decision is fairly pretty much in the bag, what happens from there is anybody’s guess. Markets are betting […]
Read More
Trump pick Stephen Miran confirmed to Federal Reserve Board; will also keep White House job
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty Images The Senate on Monday confirmed President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, just one day before the central […]
Read More
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
Read More
Stocks making the biggest moves midday: Lyft, Walmart, Nvidia, Baidu and more
Check out the companies making the biggest moves midday: Lyft — The ride-share stock surged 13%. Riders will be able to use the Lyft app to hail robotaxis from Alphabet’s Waymo when service begins next year . Walmart — The retail giant added 2% following a price target lift from Bank of America . Analyst […]
Read More
Stocks making the biggest moves premarket: Nvidia, Alibaba, Workday, Netflix and more
Check out the companies making headlines before the bell: Nvidia — The artificial intelligence chip darling dropped more than 1% after a report by the Financial Times , which cited three people with knowledge of the matter, said China’s internet regulator has banned the biggest tech companies in the country from buying Nvidia’s AI chips. […]
Read More