CBS News

Federal Reserve Chairman Jerome Powell will announce the agency's decision on interest rates Wednesday with cuts not yet expected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss the Fed.

Federal Reserve to make decision on interest rates

Larry Meyer, former Fed governor and LHMeyer chairman, joins 'Squawk on the Street' to discuss his projections on the Fed meeting.

Former Fed governor on FOMC meeting: Labor market will determine how fast the Fed will cut

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

Markets Insider

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk," Bill Dudley wrote.

It may already be too late for the Fed to stop a recession, former central bank president says

NBC News

An anticipated decision on interest rates is expected from the Federal Reserve, as many believe the Fed is poised to cut rates for the first time in years. Editor-in-Chief at Investopedia, Caleb Silver, explains what to expect from the Federal Reserve decision.

Federal Reserve could cut interest rates for first time in years

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. The average 401(k) account balance for people in their 50s is $212,400, as...

Here’s how much money Americans in their 50s have in their 401(k)s

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'

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is...

Here's what changed in the new Fed statement

Albemarle will halt the expansion of the Kemerton manufacturing plant in Australia as lithium prices remain weak and it reviews its cost structure. The lithium mining giant said it swung to a second-quarter net loss of $1.96 a share. After adjustments, it earned 4 cents a share. Sales in the...

Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices

Illinois 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

Chicago, IL

Foodie in Chicago

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Nvidia shares closed up 13% on Wednesday after remarks from top customer Microsoft and rival AMD signaled there wouldn't be a slowdown in the multibillion-dollar buildout of AI servers. Microsoft spent $19 billion on capital expenditures during its fiscal fourth quarter, with about 60% on hardware. AMD, Nvidia's primary rival...

Nvidia shares soar 13% after Microsoft quells fears that AI buildout is too fast

McDonald's executives acknowledged during an earnings call Monday that diners consider the company's prices too high, and said they are taking a "forensic approach" to evaluating prices. Amid a broader consumer pullback and increasing prices, fast-food chains have had a difficult time drawing in lower-income diners. The company's recent $5...

McDonald's executives admit diners think prices are too high, say they're working to create value

CNBC's Leslie Picker joins 'Closing Bell' to report on Pershing Square withdrawing its IPO.

Pershing Square withdraws IPO

The Investment Committee discuss the latest Calls Of The Day.

Calls of the Day: McDonald's, Arista Networks and Uber

Everyone needs a bit of resilience at some point in their lives. You might need to bounce back from a tough breakup, learn a seemingly impossible skill at work or recover from a surgery. No matter the form, adversity requires mental toughness and self-reassurance to overcome it successfully. Some people...

3 common phrases mentally resilient people never use, from psychologists and an executive coach

The co-chair of the annual National Association of Black Journalists convention stepped down over the group's decision to host former President Donald Trump at its convention and career fair. Trump, who is the Republican nominee for president, is set to speak to NABJ convention attendees in Chicago on Wednesday. NABJ...

Trump address to Black journalist convention prompts co-chair Karen Attiah to quit

Maybe it's something you've wondered: What happens to your student loan debt when you die?. Here are the options and protections to know about. It's not unusual to hear people struggling with their student loan debt bemoan that they feel like they'll be paying until they die. Which begs the question: What happens to the debt at that point?

Here's what happens to your student loan debt when you die

Meta's Reality Labs unit, which houses its metaverse technologies, recorded an operating loss of $4.48 billion in the second quarter. Since late 2020, the Reality Labs unit has generated cumulative losses of about $50 billion. Revenue in Reality Labs, largely derived from the company's Quest family of VR headsets and...

Meta’s Reality Labs posts $4.5 billion loss in second quarter

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

Fed Chair Powell: Supply and demand conditions in the labor market have come into better balance

Comments / 0