The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Former Atlanta Federal Reserve President Dennis Lockhart told CNBC Wednesday that the incident was "regrettable". Lacker tendered his resignation on Tuesday after admitting he had discussed sensitive information about Fed policy options with a Wall Street analyst in 2012.
"I don't know the details but it could very well be inadvertent. It could be something that is sort of a mind lapse at a moment that you are not thinking," Lockhart told CNBC when asked to comment on Lacker's resignation.
"It was a few days before the minutes were to come out and so the leak as I recall… the leak involved disclosing information in advance of the minutes which of course is a
In Lacker's letter of resignation, he admitted to speaking to an analyst at Medley Global Advisors regarding the September 2012 Fed meeting. Medley publishes analysis for hedge funds and asset managers and is owned by the Financial Times.
Lacker said he had "crossed the line" when discussing sensitive information with a Medley analyst and that his actions violated Fed communications policies which prohibited "providing any profit-making person or
The former Richmond Fed President had been known as one of the most reliable proponents for U.S. interest rate hikes during his tenure.
Mixed messages for investors
Lockhart also appeared to express sympathy with investors who had found it tough to predict the Fed's direction for monetary policy.
"The presidents have a great deal of independence in saying whatever they want (and) that creates, of course, conflicting views out there and
San Francisco Fed President John Williams said on March 29 he would not be able to rule out more than three rate increases in 2017. Whereas, that same day Boston Federal Reserve President Eric Rosengren suggested if he gets his way, the central bank would raise four times by year-end. Meanwhile on Monday, Philadelphia Fed President Patrick Harker said the Fed should plan to hike two more times this year to avoid rushing its tightening plans, according to Reuters.
Market expectations are currently for two more rate hikes in 2017, as the Fed has forecast. The central bank raised rates a notch in March, after its hike last December.
— Jeff Cox contributed to this report