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
The July employment report in the coming week might in some ways be like a jump ball in the final minutes of a tied basketball game.
That's because there's an atmosphere of August madness around the final few pieces of data the Fed has left to consider, before it holds its rates meeting in September. Those would be first and foremost the July jobs report on Friday and the August employment report Sept. 4. Secondary to those would be retail sales and consumer price inflation data.
"I think we've moved into this environment where we're super, super data dependent. The markets can't figure out whether the Fed wants to go in September," said Jens Nordvig, head of G10 currency strategy at Nomura. "We have to figure it out soon because we're running out of data. There's payrolls, and then retail sales, and I think after those two, the markets will come to a conclusion one way or the other."