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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
Richard Fisher, former Dallas Fed president, told CNBC on Tuesday that he would like to see central bankers get interest rates up to 3 percent in case economic growth really slows and they need to cut the cost of borrowing money.
Fisher expects the Federal Reserve next week to hike its benchmark fed funds rate, what banks charge each other for overnight loans, by a quarter point for the fourth time this year. That would bring the target range up to 2.25 to 2.5 percent.
Getting to Fisher's 3 percent threshold would mean additional rate increases next year.
After its latest hike in September, the Fed had forecast three moves in 2019. But with signs of pockets of weakness in the economy and recent turmoil on Wall Street, the market puts low odds on any hikes next year.
"Central banks are no longer running accomodative monetary policy. [But] they have yet to put enough nuts in the tree before winter comes," Fisher said in a "Squawk on the Street" interview. "If we don't get enough nuts in the tree — that is interest rate increases — you get a downturn [in the economy] what do you have to turn to? That's going to be the real issue. That's what I worry about in the long run."
Fisher, currently a senior advisor at Barclays, said the underlying economy as of now remains solid. But the cycle will eventually turn, he added, arguing that if rates are not high enough there won't be adequate cushion to lower them should the Fed need to shift into a supportive role again. "I would like to see them get up to 3 [percent.] At the same time, you're reducing the balance sheet. And that gives you room."
However, in a CNBC interview Monday, former Trump economic advisor Stephen Moore disputed the strategy that Fisher and others advocate, saying, "The Fed is what's going to put us in the next recession if they keep raising."
"The only thing that really worries me about the economy right now is what the Fed is doing," said Moore, co-author with conservative economist Art Laffer of the book "Trumponomics."