Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided with three officials voting against the Fed's quarter point cut to the fed funds target rate range.Market Insiderread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.The Fedread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
As the Federal Reserve lowers rates, some banks are pulling back their offerings on their savings accounts and certificates of deposit. Even so, they are still pretty good by...Personal Financeread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
U.S. stock-index futures remained steeply under water on Thursday with better-than-expected data on the labor front doing little to curb investor worries about a slowing global economy.
The government reported 264,000 Americans filed for unemployment benefits , less than the 290,000 forecast by economists.
Weaker retail sales, a decline in producer prices and a surprising drop in the Empire State index were catalysts for broad market volatility on Wednesday. After widespread turbulence, the Dow Jones Industrial Average closed down 173 points, or 1.06 percent, paring losses after an intraday decline of 458 points. The closed 0.8 percent lower.
Although stocks erased much of their losses by the close of trade, investors will be braced for more U.S. economic data—and potentially more turmoil—on Thursday. Influential investor Dennis Gartman told CNBC that the bear market had begun and warned there was going to be "more than a mere 7 to 10 percent correction" in markets.
Thursday's data also includes industrial production at 9:15 a.m. Eastern and the Philadelphia Federal Reserve survey and National Association of Home Builders sentiment survey, at 10 a.m. Treasury capital flow data is due at 9 a.m.
Investors will be watching earnings releases from Google after the market close.
Goldman Sachs reported ahead of the opening bell
Other companies reporting include Blackstone, Delta Airlines, UnitedHealth, Baker Hughes, Snap-on, Mattel, Winnebago, Cypress Semiconductor, Fifth Third, First Republic Bank and PPG ahead of the open. Capital One, SanDisk, Stryker, Advanced Micro and Schlumberger report after the closing bell. An Apple product announcement at 1 p.m. will also be watched by investors.