The Fed delivered a mixed message Wednesday, and the markets may increasingly start to ignore it, analysts say.» Read More
PIMCO founder and CIO Bill Gross reacts to the Federal Reserve's decision to taper by $10 billion. Gross says watch wages, and shares his yield curve outlook.
WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting:. Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further.
CNBC's Rick Santelli reports on the Treasury market reaction after the Fed announced it will extend its taper.
Traders seem to be focused on the Fed saying a range of indicators suggest significant underutilization of labor resources, with CNBC's Bob Pisani.
This is a comparison of today's FOMC statement with the one issued after the Fed's previous policy-making meeting on June 18.
The Fed cut its bond-buying purchases by $10 billion, and said rates will stay in the current range for a considerable time after the bond purchases end. The "Street Signs" crew digs into the market's reaction, with Bob Doll, Nuveen Asset Management, and David Kelly, JPMorgan Funds.
CNBC's Hampton Pearson reports the Federal Reserve has cut its bond-buying purchases by $10 billion to $25 billion per month.
A U.S. district court in Manhattan has ruled that Bank of America must pay the U.S. government $1.27 billion in a Countrywide "hustle" fraud.
Discussing Q2 GDP data, and the current market environment, with Jill Cuniff, Edge Asset Management President, and Lee Partridge, Salient Partners CIO.
CNBC's Ron Insana explains why the United States is regarded as a safe play around the world.
CNBC's Steve Liesman reports on new GDP forecasts for the U.S. economy.
A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and targeted them for extra scrutiny. In a series of emails with an associate in November 2012, Lerner made two disparaging remarks about some members of the GOP, including one remark that was a profane characterization.
The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation.
All of the conflict and unrest in the world is troubling, but the silver lining is that it may actually be helping the economy, says Ross Gerber.
WASHINGTON, July 30- The U.S. House of Representatives Financial Services Committee narrowly approved a bill on Wednesday that would require the Federal Reserve to set a specific rule to follow when implementing monetary policy. Even if it were approved by the Republican-led House, there is no sign the Democrat-controlled Senate would take it up.
A stunning acceleration in second quarter growth and a jump in inflation triggered a new round of speculation that the Fed will have to speed up plans to hike rates.
SANAA, Yemen— Fuel prices in Yemen nearly doubled Wednesday as the government ended a fuel subsidy program costing billions of dollars, sparking scattered demonstrations that saw one person killed as authorities quickly dispersed protesters, security officials said.
NICOSIA, Cyprus— Cyprus' president on Wednesday rebuffed an International Monetary Fund assessment that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.
Hillary Clinton's record as secretary of state ties her political standing to the condition of U.S. foreign policy even after her D.C. departure.
Private businesses created 218,000 jobs in July, a number that while solid and in line with previous months fell below expectations, according to ADP.
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