Wall Street focus turns to the Fed

Wall Street focus turns to the Fed

A trader works, as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings … Read more

Federal Reserve: Fed seen sticking with three 2024 cuts despite higher inflation

Federal Reserve: Fed seen sticking with three 2024 cuts despite higher inflation

A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to economists surveyed by Bloomberg News. The Federal Open Market Committee will keep rates steady in the 5.25% to 5.5% range for a fifth consecutive meeting next week, with policymakers reducing … Read more

Hot inflation data spooks Wall Street

Hot inflation data spooks Wall Street

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | 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 to know, no matter where they … Read more

Another hot inflation gauge fuels worry

Another hot inflation gauge fuels worry

People shop in the produce section of a grocery store on September 12, 2023 in Los Angeles, California. Mario Tama | 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 to know, no matter where they are. Like … Read more

U.S. retail sales in sharp focus

U.S. retail sales in sharp focus

Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | 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 to know, no matter where they are. Like … Read more

Biden makes it easier to forgive student debt in bankruptcy

Biden makes it easier to forgive student debt in bankruptcy

Bankruptcy Court. Dayton, Ohio.  Stanrohrer | E+ | Getty Images The Biden administration’s new student loan bankruptcy policy is making it easier for borrowers to walk away from their debt in court, attorneys say. “We have gotten forgiveness for a number of clients under the new bankruptcy changes,” said Malissa Giles, a consumer bankruptcy lawyer … Read more

When are the world’s central banks cutting rates in 2024?

When are the world’s central banks cutting rates in 2024?

Euros, U.S. dollars, Canadian dollars, Russian rubles and Czech korunas lie on a table as banknotes.  Picture Alliance | Picture Alliance | Getty Images As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year. While rates in most economies are … Read more

Sticky inflation muddies water for Fed

Sticky inflation muddies water for Fed

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | 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 to know, no matter where they … Read more

Markets brace for key U.S. inflation gauge

Markets brace for key U.S. inflation gauge

A customer shops at a supermarket in Oregon. Wang Ying | Xinhua News Agency | 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 to know, no matter where they are. Like what you see? You can subscribe here. … Read more

Conflicting signals on U.S. jobs market

Conflicting signals on U.S. jobs market

Miami Beach, Florida, McDonald’s restaurant, now hiring sign, starting at $11 an hour. Jeffrey Greenberg | Universal Images Group | 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 to know, no matter where they are. Like what … Read more