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
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread 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
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
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
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread 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
December's employment report should show broad-based job growth of more than 200,000, but it could pale in comparison to November's robust report and disappoint some of the loftier expectations in the market.
Economists expect a consensus of 240,000 nonfarm payrolls, and the unemployment rate is expected to fall to 5.7 percent, from 5.8 percent. November's 321,000 nonfarm payrolls could also be revised lower, and it's possible that a big monthly pop may have taken some jobs away from December.
"I guess I'm a little worried," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi. "I hate to be a hand wringer. The consensus is so high. We've been led down this path before, thinking things are OK, and then they're not." Rupkey expects to see 220,000 nonfarm payrolls.