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FOMC minutes show a Fed united around price stability but divided over potential rate path
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Fed Wanted More Evidence of Cooling Inflation, Minutes Show
Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting. Bloomberg's M...
Short-term this is the strongest time in the markets, says Renaissance's Jeff deGraaf
Jeff deGraaf, Renaissance Macro Research Chairman, joins 'Closing Bell: Overtime' to discuss key charts to watch.
Fed: Modest about further progress towards 2% inflation
CNBC's Megan Cassella joins 'Closing Bell: Overtime' to report on the Fed minutes.
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates. Minutes released Wednesday showed tha...
Fed Officials Signaled No Hurry to Cut Rates
With elevated inflation preventing Federal Reserve officials from feeling confident enough to cut interest rates, some policymakers at their meeting last month called for careful attention to signs th...
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Minutes of the Federal Reserve's June meeting show officials are not in any agreement over how many months of good inflation data might be needed before the central bank might be confident enough that...
Is your active mutual fund beating the U.S. stock market this year?
Professional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of this year, according to BofA Global R...
Retail Investors Buying Less Ahead of Earnings Season
Retail traders haven't been upping their investments ahead of the coming earnings season the way they have in past quarters.
Maintain market exposure with downside protection, says Innovator ETFs' Tim Urbanowicz
Barbara Doran, BD8 Capital Partners CEO, and Tim Urbanowicz, head of research and investment strategy at Innovator ETFs, join 'Closing Bell: Overtime' to discuss markets and the Fed.
S&P 500, Nasdaq Hit Fresh Records in Holiday-Shortened Session
Another run-up in Tesla TSLA 6.54%increase; green up pointing triangle shares helped push the S&P 500 and the Nasdaq Composite to fresh records in a shortened trading session ahead of the July 4 holid...
Marathon CEO: Fed may cut in September as election pressures heat up
Bruce Richards, Marathon Asset Management CEO, joins 'Money Movers' to discuss the Fed rate strategy, inflation, politics, and more.
10-year Treasury yield tumbles after weak economic data
The benchmark 10-year yield, used to price everything from mortgages to credit cards, slipped for another session.
Inflation May Cease to Be a Market Determinant by Early 2025
Inflation continues to decline and may cease to be a market determinant by early 2025, notes Burns McKinney. He forecasts the next moves for the Fed.
June Services PMI falls below expectations
June's Services Purchasing Managers' Index (PMI) data released Wednesday morning fell short of economist expectations. The Institute for Supply Management (ISM) services index registered at 48.8, belo...
Jim Lebenthal expects a September Fed cut, but says he's nervous about the economy
The Halftime traders Steve Weiss, Shannon Saccocia, Joe Terranova and Jim Lebenthal discuss the technical breakout for some of the 'Mag 7' stocks and the economy.
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn't supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion.
Labor market continues to cool as applications for unemployment benefits rise
First-time applications for unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual ...
Wall Street goes for goal
CNBC's Leslie Picker reports the latest developments in women's sports as private equity begins to take interest.
Note from the Desk: Does Election Season Influence the Fed's Decisions?
By Komson Silapachai As we enter the second half of the year, the market is focused on the leadup to the US presidential election in November. There's a common debate about whether the timing of the e...
The New Regime in the Markets
ISM Services PMI hits its lowest level since 2020. Michael Purves discusses how markets are entering a new regime and cross stock correlations remain extremely low.
The Absence of Weakness Fuels Complacency: S&P 500 Streaks of Weakness
Willie Delwiche discusses S&P 500 streaks of 2+ days of weakness, highlighting that absence of weakness fuels complacency. He also talks about labor market dynamic shift, taking a look at job openings...
The Fed's soft landing is in sight, strategist says
The S&P 500 (^GSPC) closed Tuesday above 5,500 for the first time ever, while June's ADP employment report revealed slowing jobs growth. JPMorgan Wealth Management global investment strategist Elyse A...
US Services Sector Contracts at Fastest Pace in Four Years
The Institute for Supply Management's composite gauge of services slumped 5 points to 48.8. Readings below 50 indicate contraction, and the June figure was far weaker than all forecasts in a Bloomberg...
The Upside for Stocks From Here Is Limited, Says Caron
Jim Caron, Morgan Stanley Investment Management cross-asset solutions CIO, says the upside for stocks from here is somewhat limited. He's on "Bloomberg The Open.
What to expect from the Fed's June FOMC minutes
The Federal Reserve's June Federal Open Market Committee meeting minutes will be released on Wednesday afternoon. Yahoo Finance Reporter Jennifer Schonberger joins Morning Brief to discuss what to exp...
Morgan Stanley's Lisa Shalett: The defensive position should include broadening beyond Mag 7
Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, joins CNBC's 'Squawk on the Street' to discuss market outlooks, how to position going into Q3, and more.
Final S&P global services PMI index for June comes in at 55.3
CNBC's Rick Santelli reports on the latest economic data.
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
ADP data shows US employers added 150k jobs in June
Data from ADP shows that the economy added 150,000 private sector jobs in June, falling below analyst expectations of 165,000. US equities (^GSPC, ^DJI, ^IXIC) are beginning to trade lower on Wednesda...
Fed's Williams Says 'Low R-Star Regime Endures'
Federal Reserve Bank of New York President John Williams says the case for a sizeable r-star increase in not meeting key tests. He speaks during a panel discussion at the European Central Bank forum i...
With Nasdaq Up 22%, Why The IPO Market Remains Tepid
Investors can't seem to get enough of technology stocks. That demand has propelled the Nasdaq up 22% so far in 2024.
U.S. businesses show biggest contraction since pandemic, ISM finds
The numbers: Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowi...
The S&P 500 Isn't as Diverse as It Used to Be. Here's Why That Matters.
Many investors hold an S&P 500 index fund in their portfolios, thinking it is a low-risk way to keep pace with the market and a counterweight to other holdings like bonds and international stocks.
Investors should not bank on Fed rate cut, says Verdence Capital's Megan Horneman
Megan Horneman, chief investment officer at Verdence Capital Advisors, joins CNBC's 'Squawk Box' to discuss market outlooks, how to position, and more.
Payroll data shows 'concerning' concentrated job gains, says ADP's Nela Richardson
Nela Richardson, chief economist at ADP, joins CNBC's 'Squawk Box' to discuss ADP's June payroll report, signals about economic cooling, and more.
Long-term treasury yields depend on fiscal deficit performance, says Komal Sri-Kumar
Komal Sri-Kumar, president of Sri-Kumar Global Strategies, joins CNBC's 'Squawk Box' to discuss market outlooks, how the market is reacting to presidential candidates, and more.
Private payrolls miss forecast for June
CNBC's Steve Liesman joins 'Squawk Box' to discuss June's ADP payroll report.
US Continuing Jobless Claims Rise for a Ninth Straight Week
US continuing jobless claims increased to 1.86 million in the week ended June 22, the highest since November 2021, according to Labor Department data. First-time claims rose by 4,000 to 238,000 last w...
Fed to cut rates in September if inflation data is 'friendly': Analyst
Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, discusses the outlook for inflation and monetary policy in the U.S. and Europe.
S&P Forecast – S&P 500 Continues to Look Positive
The S&P 500 continues to look positive overall, but keep in mind that Thursday is Independence Day in the USA, and this will keep the underlying index stagnant. However, there will be some overnight e...
NASDAQ 100 Price Forecast – NASDAQ 100 Continues to See Upward Pressures
The NASDAQ 100 continues to see a lot of upward pressure, as the markets continue to run mainly on momentum. The Federal Reserve will of course continue to be in focus, but the next few days could be ...
Stocks Indicated Slightly Lower Ahead Of July 4th Holiday
S&P 500 And Nasdaq Reach New Record Highs
Private sector job growth slows in June to just 150,000, worse than expected
Hiring by private U.S. companies rose less than forecast in June, a sign that the labor market is starting to slow in the face of higher interest rates.
U.S. trade deficit jumps in May to highest level in 19 months
The numbers: The U.S. international trade deficit 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
Jobless claims rise to 238,000 and stay near one-year high
The numbers: The number of Americans who applied for unemployment benefits last week rose slightly to 238,000 —keeping them near a one-year high — largely because of big increases in New York, New Jer...
Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says
The move by hedge funds to dump technology stocks in June has reduced the potential for a sharp overall correction in equity markets, JPMorgan says.
ADP says 150,000 private-sector job created in June. Smallest gain in five months.
U.S. labor market may be cooling off again
Private payrolls grew by just 150,000 in June, less than expected
Private companies added 150,000 jobs in June, below the upwardly revised 157,000 in May and the Dow Jones consensus estimate for 160,000. Leisure and hospitality added 63,000 jobs, easily the biggest ...
Jim Paulsen says the economy is unlikely to fall into recession anytime soon
Jim Paulsen, 'Paulsen Perspectives' author and former chief investment strategist for The Leuthold Group and Wells Capital Management, joins 'Squawk Box' to discuss his thoughts on current S&P 500 lev...