Jerome Powell
Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
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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 June. Text removed from the June 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. […]
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Stock futures inch higher as investors analyze earnings, await Fed rate decision: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters S&P 500 futures inched higher early Wednesday, after the benchmark snapped a win streak that brought it to record highs, as investors analyzed earnings reports and awaited the Federal Reserve’s interest […]
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CNBC Daily Open: A week when everything happens
Traders wait for insurance marketplace Accelerant to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2025. Brendan McDermid | Reuters Choose a comfortable seat and grab your popcorn. These five days will basically be the Olympics for market watchers: Meta Platforms, Microsoft, Amazon […]
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‘This market is pricing in perfection,’ warns Verdence Capital CIO as tariff deadline looms
Fast Money ‘This market is pricing in perfection,’ warns Verdence Capital CIO as tariff deadline looms Published Sun, Jul 27 202511:00 AM EDT Alexa LoMonaco Stephanie Landsman@stephlandsman WATCH LIVE Source
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Wall Street barrels toward a big week: Fed meeting, Mag 7 earnings, jobs report, trade deadline
So long, summer doldrums. A stock market at all-time highs could be shaken up in a big way next week. Federal Reserve policymakers are convening for their July meeting at a time when central bank independence is in question. More of the Magnificent Seven companies are set to report and answer critical questions about artificial […]
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Trump spars with Powell over renovation costs during Fed visit, but backs off firing threats
President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington. The stunning side-by-side took place as Trump began a rare tour of the Fed building, in what was widely seen as the latest chapter […]
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Inside the renovations of the Federal Reserve headquarters: Slideshow
The front facade of the Marriner S. Eccles Federal Reserve Board Building is visible as a massive renovation continues on the building and the 1951 Constitution Avenue Building on July 24, 2025 in Washington, DC. Andrew Harnik | Getty Images After months of President Donald Trump criticizing Federal Reserve Chairman Jerome Powell for his refusal […]
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Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose last week to the highest level in four weeks, but mortgage demand didn’t really move. Total mortgage application volume increased 0.8% last week from the previous week, according to the Mortgage Bankers […]
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Sen. Mike Lee posts, deletes fake resignation letter by Fed Chair Powell: Reports
Sen. Mike Lee, R-Utah., speaks to reporters as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Tuesday, June 17, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Sen. Mike Lee, R-Utah, on Tuesday reportedly shared and then hastily deleted a fake, apparently AI-generated letter purporting to show Jerome […]
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