Second-quarter GDP data showed economy is growing at a ho-hum pace, but inside the report was a pickup that could help the Fed toward a rate hike.» Read More
WASHINGTON— Average long-term U.S. mortgage rates fell for a second straight week, with the key 30- year rate slipping below 4 percent. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage declined to 3.98 percent this week from 4.04 percent a week earlier. The rate on 15- year fixed-rate mortgages eased to 3.17 percent from...
WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.
WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...
This is a comparison of today's FOMC statement with the one issued after the Fed's previous policy-making meeting on June 17.
David Kelly, JPMorgan Funds chief global strategist, thinks the Fed will move on rates in September.
CNBC's Steve Liesman reports the statement by the Federal Reserve after the 2-day meeting finished.
*Fed statement expected at 2 p.m. ET. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.
CNBC's Rick Santelli discusses expectations for the Fed meeting, and labor participation, with Mark Olson, former Fed Governor.
CNBC's Steve Liesman weighs in on how much the timing of the Fed rate hike matters as the Fed wraps up their two-day meeting.
CNBC's Big Crunch analyzed every single word from Fed Chair Janet Yellen. Here are the insights from those press conferences.
*Fed statement expected at 2 p.m. ET. *Yelp falls sharply after revenue misses expectations. The statement is expected at 2 p.m. ET.
WASHINGTON— International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference Wednesday, Lagarde described the United States "a strong performer" and China "resilient" despite a recent drop in Chinese stock prices. She said Greece needs to enact reforms that will...
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar, as the two-day Fed meeting wraps up.
Lindsey Piegza, Stifel Fixed Income, shares her outlook on the economy and the Fed's next move. And CNBC's Steve Liesman weighs in.
CNBC's Steve Liesman weighs in on what he expects to hear from the Fed later today when they conclude their two-day meeting.
LONDON, July 29- Major currencies that are closely linked to commodities prices were back on the defensive on Wednesday as oil prices fell again and traders awaited the outcome later in the day of a U.S. But even with a more encouraging tone on China's stock markets limiting the damage, the Canadian and Australian dollar were both down by 0.2-0.3 percent in...
*Wall Street seen following higher. *China stocks stabilize after Monday's 8 pct drop. The rise in Europe and most Asian markets overnight looked set to extend to U.S. markets where stock index futures pointed to Wall Street edging up 0.2 percent.
July 29- U.S. stock index futures rose on Wednesday on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. *In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.
The Fed is expected to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.
LONDON, July 29- Emerging stocks snapped a five-day run of losses on Wednesday, lifted by a Chinese market bounce, but currencies were broadly weaker before a Fed meeting that may set the stage for the first U.S. rate rise in nine years. Stocks worldwide firmed on some healthy corporate results, which along with 3.5 percent gains in mainland China, lifted MSCI's...