Watch Fed Chair Powell speak live to business leaders in the Dallas area

Watch Fed Chair Powell speak live to business leaders in the Dallas area


[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session.

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point, or 25 basis points. That followed a half-point cut in September and left the federal funds rate in a range between 4.5% and 4.75%.

Economic readings this week, however, showed that inflation has proven sticky, with consumer price inflation at 2.6% and prices at the wholesale level at 2.4%. The measures are considerably higher for core inflation, which excludes food and energy costs.

Markets expect the Fed to cut again in December then likely skip the January meeting as officials assess the effect of the policy-easing moves so far.

Read more:
Annual inflation rate hit 2.6% in October, meeting expectations
Powell and the Fed won’t be able to avoid talking about Trump forever
Here’s why inflation may look like it’s easing but is still a huge problem

Subscribe to CNBC on YouTube. 



Source

3 forces driving a record week for stocks as 7 portfolio names hit new highs
Finance

3 forces driving a record week for stocks as 7 portfolio names hit new highs

It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]

Read More
Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more
Finance

Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more

Check out the companies making headlines in midday trading Nike — Shares of the sneaker giant jumped about 17% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, […]

Read More
Ron Baron says he will never sell SpaceX in his lifetime
Finance

Ron Baron says he will never sell SpaceX in his lifetime

Source

Read More