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
Check out the companies making headlines before the bell:
Best Buy — The electronics retailer's quarterly earnings came in 16 cents a share above estimates at an adjusted $1.02 per share, with revenue beating forecast as well. Comparable-store sales were up 1.1%, beating the 0.9% consensus estimate of analysts surveyed by Refinitiv.
Hormel — Hormel reported adjusted quarterly profit of 46 cents per share, beating estimates by a penny a share. Revenue was short of forecasts, however, and the company also cut its full-year outlook as African Swine Fever impacts its beef and pork markets.
T-Mobile US, Sprint — Sources tell CNBC's Andrew Ross Sorkin that Justice Department antitrust division head Makan Delrahim has not made a decision on whether to allow the proposed T-Mobile-Sprint deal, despite reports that staff is recommending the deal be blocked.
Medtronic — The medical device maker beat estimates by 8 cents a share, with adjusted quarterly profit of $1.54 per share, with revenue also beating Wall Street forecasts. Medtronic also issued a full-year earnings outlook range that is largely above current consensus.
L Brands — L Brands reported quarterly profit of 14 cents per share, surprising analysts who had expected a breakeven quarter. The Victoria's Secret parent also raised its outlook for the full year, on the heels of record results for its Bath & Body Works unit.
Avon Products — Avon agreed to be bought by Brazilian cosmetics maker Natura Cosmeticos in a stock swap deal that values Avon at $2 billion. Avon had confirmed Wednesday that the two sides were in acquisition talks.
Boeing — Acting Federal Aviation Administration Chief Dan Elwell said there is no specific timetable for approving the return of Boeing's grounded 737 Max jet to service. The FAA is meeting with airline regulators from about 30 countries today to discuss the software fix for the jet as well as new pilot training developed by Boeing.
Harley-Davidson — Harley executive Larry Hund told The Wall Street Journal that expanding its loan operation will be a key part of the company's strategy to attract new and younger motorcycle buyers, as it plans to introduce 100 new models through 2027.
Spotify — Spotify has notified an unspecified number of users that it has reset their passwords, according to a Tech Crunch report. The music streaming service said the reset was due to "detected suspicious activity" but did not elaborate.
NetApp — NetApp reported fiscal fourth quarter profit of $1.22 per share, missing consensus estimates by 4 cents a share, with the data storage company's revenue also falling short of Wall Street forecasts. NetApp also gave a weaker-than-expected forecast. The company raised its quarterly dividend, however, to 48 cents per share from 40 cents a share.
Deutsche Bank — Deutsche Bank shares fell to a record low as the bank held its annual meeting in Frankfurt. CEO Christian Sewing said he was ready to make "tough cutbacks" to the company's investment bank, following several restructuring attempts.
Tyson Foods — The meat and poultry processor is in talks to invest billions in Kazakhstan to avoid Chinese tariffs, according to the Financial Times. The talks are set to center around setting up a beef-processing plant, with an initial investment of $200 million.
Chipotle Mexican Grill — The restaurant chain was downgraded to "underperform" from "market perform" at BMO Capital, which said the impact of African Swine Fever on Chipotle's operations is underappreciated.