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
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
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
With emerging market (EM) currencies falling in tandem with commodity prices, investors have had to think long and hard about the attractiveness of these particular nations.
EM assets might have fallen out of favor, but are they now worth a second look?
"I think (EMs) are starting to have their underlying improvements right now, the market is pessimistically positioned," Enzo Puntillo, CIO of fixed income at the independent asset management group GAM, told CNBC on Wednesday.
Fund flows into emerging markets almost turned flat in February after seven straight months of outflows, according to data from the Institute of International Finance earlier this month.
In the report the organization said outflows of $1.1 billion from emerging market equities were offset by inflows of $900 million to EM debt markets.
Puntillo was also unworried about the prospect of further interest rate rises from the U.S. Federal Reserve.
Fed tightening has been seen as one of the key reasons for investment flows out of emerging nations in the last few years. In May 2013, EMs saw a "taper tantrum" with their currencies tumbling as investors started to bring their dollars back to the U.S. in anticipation of higher interest rates and a better yield.
"Basically nobody owns EM anymore. So I think independent of what central banks' stimulus might be in the weeks and months to come, EM might perform better than developed markets," he said.
The Bank for International Settlements last week highlighted the risks faced by developing market oil and gas firms in particular.
Puntillo said the key to emerging markets is to remain selective.
"We have started to increase Brazil. In fact this year, without Brazil, you would have missed (a) large part of the party that we have seen since February," he said.
In a note released Wednesday, Credit Suisse said that it too is bullish on Brazil, but warned against India.
"Indian valuations are now, in our view, attracting unjustifiable premiums and India's earnings revisions are the most negative across emerging markets," the note said.
Credit Suisse's Indian team is also forecasting the country's current account balance to slide further into deficit in 2016 and 2017.