Jerome Powell
CNBC Daily Open: U.S. economic slowdown still in the cards, Fed says
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices […]
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CNBC Daily Open: Stagflation on the Fed’s mind
U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin Ozturk | Anadolu | Getty Images At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices — was a recurring one. “Everyone that I […]
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Asia-Pacific markets trade mixed as investors weigh Fed decision, Middle East conflict
Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Thursday, as investors weighed the U.S. Federal Reserve’s decision to keep interest rates steady, while the ongoing conflict between Israel and Iran continues to dent sentiment. […]
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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 May. Text removed from the May 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 […]
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Trump says ‘stupid’ Powell ‘probably won’t cut’ rates when Fed meeting ends Wednesday
watch now VIDEO5:2305:23 Trump says ‘stupid’ Powell ‘probably won’t cut’ rates when Fed meeting ends Wednesday Squawk on the Street With the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while doubting the central bank would cut. In his […]
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European stocks open mixed with Fed decision, Middle East conflict in focus
Sweden’s central bank cuts interest rate to 2% Sweden’s central bank cut its key interest rate by 25 basis points on Wednesday to 2% amid weakening inflation, but pointed to geopolitical risks ahead. “The economic recovery that began last year has lost momentum, and inflation is expected to be somewhat lower than in the previous […]
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CNBC Daily Open: Trump’s social media posts crush hopes of an Israel-Iran ceasefire
U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the the G7 summit in Canada to return to Washington, June 17, 2025. Kevin Lamarque | Reuters Hopes of a quick ceasefire between Israel and Iran were dashed by several social media posts from U.S. President Donald Trump. As he […]
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The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which […]
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Stock futures are little changed amid rising geopolitical risk as Israel-Iran attacks continue: Live updates
Traders wait for Voyager Technologies to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025. Brendan McDermid | Reuters Stock futures wavered before Monday’s session as the escalating conflict between Israel and Iran spiked oil prices and raised investors’ concerns about the global […]
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Yellen expects Trump’s tariffs will hike inflation to 3% year over year
Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate. “I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs,” […]
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