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
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.The Fedread 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 you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues like forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread 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
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
Planned Parenthood President Cecile Richards reportedly will step down from her post after more than a decade of heading the group, a leader in the abortion and contraceptive rights movement.
Richards' planned departure, which was first reported by BuzzFeed News and since has been confirmed by NBC News, comes a year after President Donald Trump took office with an agenda hostile to abortion access in general and Planned Parenthood in particular.
In a statement emailed to CNBC, a spokeswoman for Planned Parenthood said, "Cecile plans to discuss 2018 and the next steps for Planned Parenthood's future at the upcoming board meeting." That meeting is scheduled for next week.
Planned Parenthood provides abortions to more people than any other provider in the United States. A third of the nation's more than 900,000 abortions annually are performed at Planned Parenthood clinics, according to the data from Planned Parenthood and the Guttmacher Institute.
The group receives more than $500 million in federal funding for nonabortion health services — such as cancer screenings, contraception and testing for sexually transmitted diseases — it offers women, notably in underserved rural areas.
However, Congress for decades has barred any federal money from being used to fund abortions provided by Planned Parenthood.
According to the group's annual report in 2017, "Planned Parenthood Federation of America (PPFA) supports 59 independently incorporated affiliates that operate 661 health centers across the U.S., which have seen 2.5 million patients this year."
Trump, in a September 2016 letter to anti-abortion advocates, wrote, "I am committed to ... Defunding Planned Parenthood as long as they continue to perform abortions, and reallocating their funding to community health centers that provide comprehensive health care for women."
But bills that sought to repeal and replace Obamacare, which also would have temporarily cut off federal funds to Planned Parenthood, failed to win passage last year.
Richards' mother, the late Ann Richards, served as governor of Texas.