Behind the Fed decision to hold interest rates steady – CBS News Watch CBS News The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday. But fears of a slowdown are mounting, and President Donald Trump and some of his deputies keep hammering the central bank for an interest-rate cut. Caught…
Stocks mostly edged higher on Monday ahead of more Big Tech earnings this week, with a focus on tariff negotiations between the US and its trading partners. The S&P 500 (^GSPC) rose more than 0.1%, while the Dow Jones Industrial Average (^DJI) also gained 0.2%. The Nasdaq (^IXIC) was little changed. Wall Street is coming…
Stock futures edged lower ahead of a big week of earnings reports and macroeconomic data that will continue to paint an early picture of the US economy’s response to President Trump’s tariffs. Futures tied to the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) drifted down 0.3% each. Futures attached to the Nasdaq (NQ=F)…
The Trump “put” is alive and well. Markets rallied midweek after President Trump said he had “no intention” of firing Fed Chair Jerome Powell, easing investor concerns about the central bank’s independence following earlier threats to oust Powell over the Fed’s interest rate policy. Trump also softened his tone on tariffs, suggesting the steep duties…
The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House. Case in point: The S & P 500 sank more than 2% this past Monday as President Donald Trump was attacking Federal Reserve Chairman Jerome Powell and providing scant details on tariff…
President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers. In fact, economists say, Trump’s ongoing attacks on Fed Chair Jerome Powell and his tariff policies could keep the longer-term interest rates that…
(Reuters) -U.S. stock index futures fell on Thursday, with a brief equity rally fizzling out as investors assessed the latest twists and turns in the Trump administration’s erratic trade policy, and a bevy of mixed corporate results. Wall Street jumped for a second consecutive session on Wednesday on signs the White House was open to…
Adidas posts 17% growth in a tough trading environment Adidas shares rose by 1.3% after beating growth expectations with sales of 6.15 billion euros ($6.98 billion) for the first quarter of 2025. Analysts welcomed the 17% organic growth in sales compared to last year during a volatile trading period. “Overall this is another strong print…
NEW YORK (Reuters) – Making sense of the forces driving global markets By Alden Bentley, Americas Finance and Markets Breaking News Editor. Jamie is away so I’ll provide a round-up of today’s main market moves below. I’d love to hear from you, so please reach out to me with comments at alden.bentley@thomsonreuters.com. If you have…