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 stream is slated to start at 2:30 pm ETThe Fedread more
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Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread 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
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The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues like forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread 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
U.S. stock index futures pointed to a flat to slightly lower open on Tuesday ahead of key earnings, after stocks extended Friday's post-jobs report rally Monday, closing sharply higher.
Traders will watch market action carefully on Tuesday to see if stocks can demonstrate a successful retest of the lows ahead of what some expect to be a lackluster earnings season.
The earnings schedule picked up slowly with PepsiCo reporting earnings and revenue that beat expectations. Yum Brands is scheduled to report after the bell. The unofficial start to earnings season comes Thursday with Alcoa's earnings after the bell.
On the data front, the August trade deficit came in at $48.3 billion, the widest in five months.
Treasury yields turned higher, with the 10-year at 2.07 percent and the 2-year at 0.61 percent.
The dollar held slightly lower, with the euro at $1.12 and the yen at 120.35 yen against the greenback.
U.S. stocks closed more than 1.5 percent higher Monday, extending Friday's surprise intraday reversal, as investors digested the implications of the jobs data on the timing of a rate hike and awaited quarterly earnings.
All three major averages closed within 10 percent of their 52-week highs, or out of correction territory.
In Europe, stocks traded slightly higher on Tuesday following Monday's rebound, after poor industrial data out of Germany.
Shares in embattled German carmaker Volkswagen were once again in focus, down 2.1 percent after the company admitted that 8 million vehicles were fitted with the "defeat devices" that allowed them to cheat diesel emissions test in the European Union, according to a report in German newspaper Handelsblatt.
Shares in miner Glencore were off as much 6 percent after more broker downgrades, which followed a stunning rally on Monday saw the company's stock close 17 percent higher.
— CNBC's Evelyn Cheng contributed to this report