The employment cost index Friday could show enough of a pickup in wages to sway the betting on a September Fed rate hike.» Read More
SINGAPORE, July 31- Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cut-back in production, although a fall in the U.S. dollar put a floor under prices. Badri added that even if OPEC had cut output by as much as 2 million barrels per day, it would not have...
WASHINGTON, July 30- The U.S. Wall Street closely watched the language as a possible tip-off to a September rate hike. A major change in Fed policy in June 2004 was with language about risks that is similar to that of the current statement.
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...
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar, after second quarter GDP expanded at a 2.3 percent annual rate.
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.
The Fed remains on track to hike rates this year, and the minor tweaks to its post-meeting statement were just vague enough to keep the debate going on when it will move.
Discussing the Fed's view of the economy, and the odds of a September rate hike, with Bob Doll, Nuveen Asset Management, and CNBC's Steve Liesman.
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.
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...
*Fed statement expected at 2 p.m. ET. *Yelp falls sharply after revenue misses expectations. The statement is expected at 2 p.m. ET.
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.