President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
The Federal Reserve likely remains on track to raise interest rates at least two times this year.
Fed funds futures, contracts that measure the market's bets on where the central bank's benchmark rate will be, rose slightly but did not indicate a significant change in expectations after the release of the Fed statement Wednesday.
Markets were pricing in a more than 90 percent chance of an interest rate rise in March, and another 1.75 hikes by the end of the year, according to Bank of America and Jefferies. That was essentially unchanged from before the Fed released its statement.
"Still somewhere between two and three [rate hikes this year] is what people are expecting," said Ian Winer, head of equities at Wedbush. The Fed "sounds ever so slightly hawkish but in general it's kind of the same deal."
The Federal Open Market Committee said Wednesday that its benchmark funds rate should remain in its current range of 1.25 to 1.5 percent. While the decision not to raise rates was widely expected, the post-meeting statement indicated policymakers expect inflation will rise more than previously thought and "stabilize" around 2 percent
Some traders predict the Fed may raise interest rates more than three times this year.
"As expected, the Fed is more optimistic on economic growth and is more confident that inflation is going to rise to their 2 percent target," Bryce Doty, senior vice president of Sit Fixed Income Advisors, said in a note. "We continue to expect four rate increases in 2018."
The U.S. 10-year Treasury yield briefly rose to around 2.75 percent following the release of the Fed statement and remained around its highest in nearly eight years. The initially traded near 2.16 percent, around its highest in almost a decade, before edging down to 2.14 percent.