Fed sticks with forecast of two interest-rate cuts this year despite new inflation worries
Greg Robb Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000. Adblock test (Why?)
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Trump weighs potential U.S. military strike on Iran, demands ‘unconditional surrender’
President Donald Trump is considering whether to launch a military strike against Iran as he demands the country’s leader, Ayatollah Ali Khamenei, “surrender” in Tehran’s conflict with Israel, current and former administration officials told NBC News on Tuesday. A strike by the United States is one option among a range that Trump is weighing after…
The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which…
‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties
Colorful display of All Star Converse sneakers in shoe store, Manhattan, New York. Lindsey Nicholson | Universal Images Group | Getty Images Would you be bothered if your coat was officially classified as a windbreaker or a raincoat, or your shoes as slippers? Businesses do care though, as classifications under a preferred category can help…
Deficits from ‘big beautiful bill’ to rise nearly $2.8T under new dynamic estimate: CBO
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans’ “big beautiful bill” would raise budget deficits by over $300 billion more than in its previous analysis, which estimated it would widen deficits by $2.4 trillion over a decade. The CBO found that the House-passed version of the legislation would raise federal budget…
Fed holds key rate steady, still sees two more cuts this year
WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a…
Trump says he gave Iran ‘ultimate ultimatum,’ as U.S. prepares to evacuate citizens from Israel
President Donald Trump on Wednesday said he gave Iran an “ultimatum” as he considers whether to order a U.S. strike against the country, amid its ongoing conflict with Israel. Meanwhile, the U.S. Embassy in Jerusalem began preparing for large-scale evacuations of Americans who want to leave Israel. “I may do it, I may not do…
FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option
In this article GILD Follow your favorite stocksCREATE FREE ACCOUNT The logo of Gilead Sciences pharmaceutical company is seen in Oceanside, California, April 29, 2020. Mike Blake | Reuters The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV – a milestone that the company and some experts say could…
The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which…
Trump weighs potential U.S. military strike on Iran, demands ‘unconditional surrender’
President Donald Trump is considering whether to launch a military strike against Iran as he demands the country’s leader, Ayatollah Ali Khamenei, “surrender” in Tehran’s conflict with Israel, current and former administration officials told NBC News on Tuesday. A strike by the United States is one option among a range that Trump is weighing after…