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
Treasury yields fell slightly on Wednesday as investors digested remarks from President Donald Trump.
The yield on the benchmark 10-year Treasury note traded at 2.18 percent at 2:19 p.m. ET, while the yield on the two-year note was lower at 1.313 percent. Bond yields move inversely to prices.
At a rally in Phoenix, Trump said he would keep his campaign promise of building a border wall even "if we have to close down our government." Trump also said he doubts a renegotiation of the North American Free Trade Agreement is possible.
Trump's remarks came after the administration has faced a couple of turbulent weeks due to a shakeup in staff and comments made Trump following the violent protests in Charlottesville, Virginia.
Investors also kept an eye on key economic data ahead of an important monetary policy symposium at Jackson Hole later on this week.
On the data front, new home sales fell 9.4 percent in July and hit a seven-month low.
On the central bank front, European Central Bank President Mario Draghi spoke in Germany on Wednesday, stating that modifications to monetary policy were "never easy", yet didn't provide much information on the future steps in monetary policy for the region.
Meanwhile, Dallas Fed President Robert Kaplan is set to speak at the Permian Basin Petroleum Association Membership Luncheon in Midland, Texas on Wednesday.
This speech comes just before the meeting of central bankers later this week at Jackson Hole.
At the event, Federal Reserve Chair Janet Yellen and ECB President Mario Draghi are both set to speak, with investors watching the event closely for any indications when it comes to monetary policy outlook.
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