Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
"I'm choked with emotion and hardly able to speak," the portfolio manager at Janus Capital Management said in an interview with CNBC's "Power Lunch. "
"After hawkish talk at Jackson Hole from [Fed Chair] Yellen and [Vice Chair] Stan Fischer, who even said there'd be two hikes in 2016, they've chosen to defer once more a necessary hike to normalize short-term interest rates and provide savers, in my view, with at least a bit of thin gruel to work with to provide for education, retirement and health-care needs. "
He believes the contradiction between what Fed officials have said leading up to the meeting and the outcome of the gathering is leaving investors "very confused."
The central bank was sharply divided when it opted to not hike interest rates at its September meeting.
On Tuesday afternoon, Gross predicted through his firm's Twitter account that there was a 50-50 shot the Fed would hike Wednesday.
At its meeting, the Fed also said it now sees rates at 0.6 percent by the end of 2016, instead of the 0.9 percent it forecast in June.
Gross said the lowering of the so-called dot plot is not what financial institutions need.
"They've flattened the curve because now bond markets expect a lower long-term fed fund rate and therefore long-term yields will flatten relative to short-term yields. It's very confusing especially relative to what the Bank of Japan did last night."
All that said, Gross noted the Fed is in uncharted territory now. While it had been model dependent, that isn't working well now and it has become more subjective, he said.
"So they call it data dependent. I think it's more market dependent. In any case, they're in a pickle," Gross said.
He also isn't taking November off the table for a possible hike, even though there is no news conference scheduled.
"Not if they are data dependent and not in my view if they are market dependent and markets move higher into increasingly bubbly type of territory," Gross noted.