How interest rates have changed over the last 12 months

How interest rates have changed over the last 12 months

Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors are expecting at least a few cuts to interest rates this year. Their anticipation is understandable: The federal funds rate hasn’t been this … Read more

Why ‘positive’ labor market data feels awful for workers, job seekers

Why ‘positive’ labor market data feels awful for workers, job seekers

Hiraman | E+ | Getty Images It wasn’t so long ago that workers had the power to “quiet quit” or join the great resignation. That is no longer quite so easy. Some laid-off employees report they are having a hard time in their job search or making it through hiring processes. In fact, 55% of … Read more

The Fed will cut rates fewer times and start them later than market hopes, according to CNBC Fed Survey

The Fed will cut rates fewer times and start them later than market hopes, according to CNBC Fed Survey

Respondents to the CNBC Fed Survey see fewer interest rate cuts than the market’s aggressive outlook, with the central bank starting them later in the year than traders currently hope. Just 9% see the Federal Reserve cutting rates in March. Fifty percent see a cut in May and only in June is there a majority … Read more

Fed rate cut timing in focus

Fed rate cut timing in focus

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

Fed rate cut path in sharp focus

Fed rate cut path in sharp focus

Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more

Trump attempts to take credit for stock market record highs under Biden

Trump attempts to take credit for stock market record highs under Biden

Former President Donald Trump leaves a press conference at 40 Wall Street on January 17, 2024 in New York City. Trump held a press conference after leaving the second day of his defamation trial involving E. Jean Carroll. Alexi J. Rosenfeld | Getty Images News | Getty Images Former President Donald Trump on Monday admitted … Read more

Soft landing or no landing, economists weigh in ahead of Fed

Soft landing or no landing, economists weigh in ahead of Fed

The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, after recent reports showed the economy grew at a much more rapid pace than expected and inflation eased. “In many ways, we already have a soft landing,” said Columbia Business School economics professor Brett House. … Read more

Big Tech earnings on tap

Big Tech earnings on tap

Privately held companies have been left to develop AI technology at breakneck speed, giving rise to systems like Microsoft-backed OpenAI’s ChatGPT and Google’s Bard. Lionel Bonaventure | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more

China plans to merge 3 bad debt asset managers with its largest sovereign wealth fund, state media reports

China plans to merge 3 bad debt asset managers with its largest sovereign wealth fund, state media reports

Multi exposure of virtual abstract financial graph interface on Chinese flag and sunset sky background, financial and trading concept Igor Kutyaev | Istock | Getty Images China plans to merge three of its largest state-owned bad debt asset managers with its China Investment Corp sovereign fund as part of a plan to reform institutions, the … Read more

Big Tech earnings loom large

Big Tech earnings loom large

A slogan related to Artificial Intelligence (AI) is displayed on a screen in Intel pavilion, during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed … Read more