Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.The Fedread more
U.S. government debt yields rose on Monday after the United States and Canada reached a last-minute deal on trade late Sunday evening.
The yield on the benchmark 10-year Treasury note was higher at around 3.085 percent at 4:26 p.m. ET, while the yield on the 30-year Treasury bond was up at 3.236 percent. Bond yields move inversely to prices.
Canada and the U.S. secured a trade deal to replace the current North American Free Trade Agreement (NAFTA). The accord is expected to be named the United States-Mexico-Canada Agreement, or "USMCA" for short, according to a senior official from the U.S. administration.
The agreement is expected to deliver more market access to dairy farmers in the U.S., while Canada has agreed to a negotiation that effectively caps automobile exports, to the States. Both nations, along with Mexico – which agreed to a deal earlier this year – are expected to sign the agreement by the end of next month. It would then be passed to Congress for submission.
On Monday, Boston Fed President Eric Rosengren attended the NABE 60th Annual Meeting in Boston, Massachusetts while Atlanta Fed President Raphael Bostic was at the Inclusive Economic Development Council Conference in Atlanta, Georgia.
These speeches come less than a week after the Federal Open Market Committee decided to raise interest rates by a quarter point.
Elsewhere, investors will be keeping an eye on news surrounding the Supreme Court nominee, Brett Kavanaugh, as the nominee's future at the federal courthouse is called into question, amid allegations of sexual misconduct.