The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Despite the rough ride this summer due to international turmoil, stocks look like they're poised to continue their upward march, two market watchers told CNBC on Friday.
The Dow Jones Industrial Average, , and Nasdaq Composite are on pace to clock in their biggest weekly gains in six weeks, after mollifying remarks Thursday from Russian President Vladimir Putin about Ukraine and an easing of tensions in Iraq.
"Stocks have been sloppy this summer. [But] we're still looking like we're grinding higher," Rebecca Patterson, chief investment officer at Bessemer Trust, said in a "Squawk Box " interview. "We've stayed overweight [stocks] and ridden through a sloppy summer."
Alongside Patterson, Ed Keon, portfolio manager at Prudential's QMA Financial, said investors should not ignore Ukraine and Iraq. "But as long as you still have the economic engine working and you still have companies generating profits, the stock market is going to want to go higher," he said.
Stocks are not necessarily cheap, he continued, describing them as "fairly valued."
Both analysts said they're watching the economic slowdown in Europe closely and pulling back on investments there. New data Thursday showed stagnation in euro zone economic growth in the second quarter, as Germany's economy contracted for the first time in over a year and France's economy stalled.
With European growth slowing, Keon is seeking safer shores in American companies. "The United States is kind of like a growth stock. You're paying a little bit of a premium, but you're getting [surety] of earnings and you have a better overall macroeconomic background."
Patterson is optimistic about the U.S. economic picture, despite lowered earnings and sales outlooks from Wal-Mart and Macy's this week. To make her case, she pointed to low borrowing costs, increasing home prices and falling prices elsewhere. "The picture for the U.S. consumer going forward into the fall right now—knock on wood—is looking very good."
—By CNBC's Matthew J. Belvedere