Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

CNBC's Steve Liesman reports on the latest news from the most recent CNBC Federal Reserve Survey.

CNBC Fed Survey: 81% of respondents expect first rate cut in September

USA TODAY

GDP surprised economists who expected lower growth last week. Here's the latest economic news that could impact the Fed's interest rate decision.

Here's where the economy stands as the Fed makes its interest rate decision this week

Markets Insider

The Federal Reserve risks prematurely cutting interest rates right as the US economy is poised to reaccelerate, Jim Bianco told CNBC. "The reason I suspect that we're going to have zero rate cuts is I don't think they're warranted. The economy is continuing to move along just fine," the Bianco Research president said on Friday, adding: "I suspect there'll be a second-half rebound."

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says

If things go according to expectations, the Fed again will keep short-term interest rates on hold roughly from where they've been for the past year. There are expectations that the Federal Open Market Committee will drop signals that as long as there are no major data hiccups, a September move is very much on the table.

Here's everything you need to know about the Fed decision coming Wednesday

Gold prices gained around 1% on Tuesday as investors remained optimistic that the U.S. Federal Reserve could drop clues about lowering interest rates in September at the end of the policy meeting this week. Spot gold was up 0.8% at $2,403.47 per ounce as of 1747 GMT. U.S. gold futures...

Gold climbs on rate cut hopes as Fed meeting looms

Florida State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

Wells Fargo’s Sameer Samana joins 'Closing Bell' to discuss what to expect over the 'critical 48 hours' for investors as they wait to see what the Fed's next moves are on rate cuts.

We are not fans of small-caps, says Wells Fargo's Sameer Samana on rotation hype

TheStreet

The central bank knows it has fairly won the inflation fight.

Fed meeting will reset what's next for interest rates

China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten oversight of its $5.1 trillion stock market. Li Ming, chief of the enforcement bureau of the China Securities Regulatory Commission, will replace vice chairman Fang Xinghai, the CSRC...

China securities regulator promotes law enforcement chief to vice chair

Markets are rife with speculation as to what the Federal Reserve will do next.

Goldman Sachs' CEO revamps interest rate outlook before Fed decision

The Fed's expected to hint on Wednesday that a rate cut's coming soon, but it won't say exactly when. Most economists expect it to come in September.

Interest rate cut coming soon, but Fed likely won't tell you exactly when this week

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. Big Tech earnings. The S&P 500 and the Nasdaq Composite closed...

CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The Associated Press

WASHINGTON (AP) — With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.

First interest rate cut in 4 years likely on the horizon as the Federal Reserve meets

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of the central bank policy meetings in the U.S., Japan and the U.K. later in the week and earnings news from several major technology companies, including Microsoft, Meta, Apple and Amazon. Asian markets closed mostly higher on Monday.

Asian Markets Trading Mostly Lower

UBS analysts advised investors to think interest rates and tech, not politics.

The 'Trump trade' is winding down, and the Fed's rate plans are back in focus

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Washington, DC

Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says.

63-year-old CEO shares the top 3 red flags she sees in employees: ‘No one wants to be in their presence'

NewsBreak

Treasury yields are lower as traders set eyes on Fed meeting

U.S. Treasury yields were little changed on Tuesday as investors looked to economic data from the labor market and the Federal Reserve's July meeting. Yields and...

Treasury yields are lower as traders set eyes on Fed meeting

Comments / 0