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
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.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
Telecom companies have been racing to ready their services for 5G, which will offer faster data speeds compared to today's 4G LTE service. AT&T has been accused of jumping the gun in advertising the "5G Evolution," according to a lawsuit filed by Sprint last month. The complaint sought to prevent AT&T from using any variation on 5G like "5G E" in promoting its current wireless network offerings. At the time, Stephenson told CNBC's "Squawk Box, " "We feel very comfortable with how we've characterized the new service that we're launching."
Wednesday's talk focused specifically on how 5G will change the world of banking and financial technology. Several reports suggest 5G will help financial institutions speed up transaction times, among other benefits.