Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
U.S. government debt yields rose on Thursday as investors pored over the Federal Reserve's latest statement as well as commentary from Chairman Jerome Powell.
At around 11:26 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was 5 basis points higher at 2.55%, while the yield on the 30-year Treasury bond was up at 2.944%.
The Fed on Wednesday said that it is keeping interest rates unchanged, though Chair Powell added that officials saw a decline in inflation in the first quarter as simply "transcient"
The central bank held its benchmark rate in a target between 2.25% and 2.5%, matching investor expectations.
"We think our policy stance is appropriate at the moment and we don't see a strong case for moving in either direction," Powell told CNBC's Steve Liesman. "We say in our statement of longer-run goals and monetary policy strategy that the Committee would be concerned if inflation were running persistently above or below 2%."
"And in this case, as we look at these readings in the first quarter for core, we do see good reasons to think that some were or all of the unexpected decrease may wind up being transient," he added.
A key issue for the Fed, inflation threatens the value of government debt by wearing away the purchasing power of their fixed payments. Price action is often cited by the central bank as evidence when it decides to adjust borrowing costs to try to cool down the economy.
The Fed chief's comments also appeared to dispel investor speculation that it could move to cut rates later this year. Fed officials have historically viewed 2% inflation as a level consistent with that of a healthy economy and will raise or cut interest rates to cool or spur the economy as it sees fit.