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
President Donald Trump said he likes low interest rates in a meeting with Federal Reserve Chair Janet Yellen and National Economic Council Director Gary Cohn, according to a Tuesday Wall Street Journal report, citing people familiar with the conversation.
Weeks after taking office, Trump told Yellen he believes she is a "low-interest rate" person like himself, the report said.
The Federal Reserve did not immediately return a CNBC phone call for comment.
At its two-day meeting set to end Wednesday afternoon, the Fed is expected to raise short-term interest rates for the fourth time in two years. The central bank has kept interest rates near historically low levels as the U.S. economy emerged from the Great Recession in the last decade.
During his campaign, Trump criticized Yellen for keeping rates low for political reasons and said he would likely replace her. Yellen's term ends in February 2018.
Former Goldman Sachs president Cohn sat next to Yellen, across from Trump, during the roughly 15-minute conversation, the Journal said Tuesday.
A White House spokeswoman told CNBC in late April chatter about Cohn being Yellen's eventual successor was "entirely speculation."
Trump told the Journal in an interview earlier in April that he was undecided about renominating Yellen and that he does "like her" and "respect her." He also said, "I do like a low-interest rate policy."
Read the full story in the Journal here.