Federal Reserve Bank
Watch Fed Chair Jerome Powell speak live on economy, policy views
[The stream is slated to start at 1:55 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to speak Monday to the National Association for Business Economists during the organization’s annual conference in Nashville. The central bank chair is delivering […]
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CNBC Daily Open: Shiny September days for stocks
Traders work on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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CNBC Daily Open: Stocks are dancing in September
Traders work on the trading floor at the New York Stock Exchange. Andrew Kelly | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What […]
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The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying […]
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Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
Key Points Fed Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut. The jumbo cut “could be interpreted as a premature declaration of victory on our price-stability mandate,” she said in remarks to a bankers’ group in Kentucky. Source
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Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Key Points Minneapolis Fed President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate. Source
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Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred […]
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Fed slashes interest rates by a half-point, an aggressive start to its first easing campaign in four years
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central bank’s Federal Open Market […]
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CNBC Daily Open: Hoping for a 50-basis-point cut
Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision. Source
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BlackRock’s Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this “golden age of fixed income” now, according to BlackRock’s Rick Rieder. He sees a shift coming in the market. “The world is changing,” said Rieder, the asset manager’s global chief investment officer of fixed income. “The equity […]
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