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☆ Biden misses 'family photo' at his last G20 summit
▼ + stars: | 2024-11-19 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

The outgoing American leader arrived for a family picture with world leaders during his final Group of 20 summit Monday, only to find the photo had already been taken without him. Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer were among those who did make it, smiling and raising linked hands for the traditional summit set piece. One cameraman spotted him behind a nearby palm tree alongside Canadian Prime Minister Justin Trudeau and Italian premier Giorgia Meloni. Buda Mendes / Getty ImagesDuring the first session of the summit Sunday, Biden reflected on his impending departure from the White House. “As you know, this is my last G20 summit.

Persons: Joe Biden, Xi Jinping, Narendra Modi, Keir Starmer, “, weren’t, ”, Biden, Justin Trudeau, Giorgia Meloni, Trudeau, Meloni, Sergei Lavrov, ” Biden, Rio de Janiero, Buda Mendes, Donald Trump, Jon Organizations: Indian, British, U.S, Canadian, Russian, Sunday, African Union, European Union Locations: Rio de Janeiro, Italian, Rio de

☆ Gold gains 1% as dollar rally stalls
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Monday after last week's sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Gold prices rose on Monday after last week's sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Spot gold firmed 1% to $2,587.49 per ounce by 0150 GMT, after falling to its worst week in more than three years on Friday. "Gold prices are due for a slight recovery following recent bout of hefty sell-offs and we may expect some drift higher with some rollover in the dollar," said IG market strategist Yeap Jun Rong. This has not been fully priced in by markets yet, so any need for recalibration may still pose an obstacle for gold."

Persons: Yeap Jun Rong, Joe Biden's Organizations: Federal Reserve, Fed, Strong U.S Locations: U.S, Ukraine, Russia

☆ Russian economists and officials foresee a hard struggle in 2025
▼ + stars: | 2024-11-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Russian officials and business leaders met at an economic forum this week. Russia's main interest rate is at 21% and could be hiked further still. Officials and business leaders shared pessimistic economic outlooks for 2025 at the Russian Economic Forum, held this week in Chelyabinsk, in central Russia. Andrei Klepach, chief economist at the state-run development entity VEB.RF, predicted that economic growth would fall from an estimated 2.5% to around 2% in 2025. Some, he said, would benefit from a subsidized interest rate of 1% to 5%.

Persons: —, Andrei Klepach, Alexander Shokhin, Shokhin, Mikhail Mishustin, Alexander Novak, Kirill Tremasov Organizations: Service, Russian Economic, Central Bank of Russia, Industrialists, Russian, Russia's Locations: Chelyabinsk, Russia, Ukraine, Russian Union, Russian

☆ Treasury yields fall as investors weigh economic outlook after Fed rate cut
▼ + stars: | 2024-11-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices have an inverted relationship and one basis point is equivalent to 0.01%. U.S. Treasury yields were lower on Friday as investors considered the outlook for interest rates and the economy after the Federal Reserve's latest rate cut decision. Treasury yields had tumbled on Thursday after the Federal Reserve announced a 25 basis point interest rate cut to a target range of 4.50%-4.75%. The Fed began easing rates at its previous meeting in September with a more aggressive 50 basis point reduction. One Fed meeting remains on the agenda for this year on December 17 to 18, for which traders were last pricing in an around 75% chance of another rate cut, CME Group's FedWatch tool showed.

Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, Federal Reserve, Fed

☆ India central bank well-equipped for post-U.S. election volatility, Reuters reports
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +3 min

A sign for the Reserve Bank of India (RBI) sign is displayed inside central bank's headquarters in Mumbai, India. The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event of global market volatility and an outflow of foreign funds, the sources said. There has been a record outflow of more than $10 billion in foreign funds from India stocks, while foreigners pulled $700 million from the debt market. Central bank officials have not committed to or signaled any timing for a rate cut. China's stimulus efforts, which could intensify if U.S. tariffs further hurt its economy, have been a factor driving foreign funds out of India and other emerging markets into China.

Persons: Donald Trump, Kamala Harris, Trump Organizations: Reserve Bank of India, Republican, Democratic, Trump Locations: Mumbai, India, China, The U.S, Central

☆ Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says
▼ + stars: | 2024-10-25 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.

Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .

☆ Watch CNBC’s full interview with the Brazilian central bank governor
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with the Brazilian central bank governorRoberto Campos Neto, governor of the Central Bank of Brazil, speaks to CNBC’s Karen Tso at the IMF Meetings in Washington, D.C.

Persons: Roberto Campos Neto, Karen Tso Organizations: Central Bank of Locations: Brazilian, Central Bank of Brazil, Washington ,

☆ Asia-Pacific markets mixed as investors await China loan prime rate announcement
▼ + stars: | 2024-10-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The central bank of the People's Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Asia-Pacific markets were mixed Monday as traders awaited China's loan prime rate announcement, with focus also on Japan's general election at the end of this week. China's central bank is expected to cut the one-year and five-year LPRs by 20 basis points, according to a note by ING and echoing the statement made by People's Bank of China Governor Pan Gongsheng on Friday. "Data aside, it is worth monitoring if there are potential further government ministry briefings or a potential announcement of the timing for the National People's Congress meeting in the week ahead, as stimulus rollout remains a major theme for markets," ING said. Other key economic data this week will include October inflation figures for Japan's capital city of Tokyo, as well as advance third-quarter GDP figures from South Korea.

Persons: Pan Gongsheng Organizations: ING, People's Bank of China, National People's Locations: People's Republic of China, Asia, Pacific, Tokyo, South Korea

☆ Stock market today: US stocks pull back from record levels as traders ready for big week of earnings
▼ + stars: | 2024-10-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors are turning their attention to third-quarter earnings season, with 21% of S&P 500 companies set to report this week. Bank of America said that company executives are striking an optimistic tone on earnings calls. The decline on Monday comes as third-quarter earnings season nears its peak, with more than 100 S&P 500 companies set to report results this week, including Coca-Cola, Tesla, Boeing, and UPS. Bank of America strategist Savita Subramanian said that company executives are striking an optimistic tone on earnings calls. Analysts have been feeling bullish on the stock's prospects for further gains amid big demand for its new Blackwell chips.

Persons: —, Savita Subramanian, Subramanian, Blackwell, Fedspeak Organizations: Bank of America, Service, Nasdaq, Dow Jones, Boeing, UPS, Bank of America . Bank of America, PMI, Here's

☆ Dow futures are little changed after blue-chip average closes at all-time high: Live updates
▼ + stars: | 2024-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures sat near flat Thursday night after the blue-chip average finished the preceding session at a record closing level. S&P 500 futures and Nasdaq 100 futures were rose 0.1% and 0.2%, respectively. Those moves come after a rally in Travelers propelled the Dow to finish Thursday at an all-time closing high. The broad S&P 500 inched lower despite notching a fresh intraday high during the session, while the technology-heavy Nasdaq Composite concluded modestly higher. That would mark the longest weekly winning streaks in 2024 for both the Dow and S&P 500.

Persons: Dow, They'll, Raphael Bostic, Neel Kashkari, Liz Young Thomas Organizations: Dow Jones Industrial, Nasdaq, Netflix, Travelers, Dow, Atlanta Federal Reserve, Minneapolis Fed, American Express, Procter, Gamble

☆ Asia markets rebound after Wall Street rally; central bank decisions in focus: Live updates
▼ + stars: | 2024-10-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images)Asia-Pacific markets rebounded on Wednesday following a broad decline in the previous session and as Wall Street rallied overnight. Investors are focused on policy decisions from the Reserve Bank of New Zealand and the Reserve Bank of India. New Zealand's central bank is expected to slash its policy rate by 50 basis points to 4.75%, while the RBI is expected to hold rates at 6.5%.

Persons: Niharika Kulkarni Organizations: Central Bank of India, Getty Images, Wall Street, Investors, Reserve Bank of New, Reserve Bank of India Locations: Mumbai, India, Asia, Pacific, Reserve Bank of New Zealand, New

☆ Brazil votes in local elections with eyes on 2026 presidential showdown
▼ + stars: | 2024-10-06 | by ( ) www.cnbc.com time to read: +3 min

Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. Marçal, an anti-establishment political novice who has surged in the polls with his vitriolic attacks on adversaries, ran a social media campaign with little funding and no TV time. Polls showed that candidates linked to Lula are facing trouble as the president's popularity has slipped in his third non-consecutive term. On the right, candidates associated with hard-right former President Jair Bolsonaro have fared better, even though he was banned from seeking elected office until 2030 for his unfounded attacks on Brazil's voting system. "The anti-establishment views of the right have become the trend," said political risk expert Creomar de Souza.

Persons: Ricardo Nunes, Pablo Marçal, Guilherme Boulos, Luiz Inacio Lula da Silva, pollster Datafolha, Lula, Jair Bolsonaro, Creomar de Souza, Andre Cesar, Bolsonaro, Nunes, Marçal Organizations: Central Bank of, Workers Party, Lula's Workers Party, Sao Locations: Central Bank of Brazil, Brasilia, Brazil, Sao Paulo, Brazil's

☆ The jobs number surpassed everyone’s expectations. Cue the complaints about the Fed
▼ + stars: | 2024-10-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

“Did the Fed even need to cut rates in September, let alone cut by 50bps (basis points)?” Seema Shah, chief global strategist at Principal Asset Management, wrote in a note on Friday. Second-guessing the Fed isn’t new, of course. Central bank officials themselves note the uncertainty inherent in their work, especially when the economy reaches inflection points. Even Fed officials don’t always agree with the central bank’s actions, such as Fed Governor Michelle Bowman, the lone dissenter to the Fed’s decision to cut rates by half a point in September. ‘This isn’t exact science’Fed officials aren’t shy about admitting that they don’t always have confidence in how the US economy will evolve.

Persons: Washington CNN —, Jerome Powell, Philipp Carlsson, Seema Shah, James Knightley, Powell, don’t, Michelle Bowman, wouldn’t, —, ” Carlsson, Szlezak, “, ” Gina Bolvin Organizations: Washington CNN, Federal Reserve, Boston Consulting, Asset Management, ING, Bolvin Wealth Management Locations: Wall, Washington

☆ Bitcoin is flipping in and out of 'bear' mode but could still reach $100,000 this year
▼ + stars: | 2024-10-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.

Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

☆ Investors hope October paves way for records as cryptocurrency enters historically strong month
▼ + stars: | 2024-10-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

A September surprise has given bitcoin a head start on a potential run to record highs in the fourth quarter. The cryptocurrency posted a 7.7% gain for September — historically its weakest month of the year — and its best month since May. The month has become known to native crypto investors as "Uptober." … As crypto becomes increasingly correlated with traditional markets, it's expected to be another strong month." Investors expect bitcoin's price will be driven by rate cuts, more inflows into bitcoin ETFs by institutions and clarity following the election.

Persons: Ether, Bitcoin, Jerome Powell, James Davies, " Davies, David Duong, Duong, we've, bitcoin, it's, — CNBC's Michael Bloom, Nick Wells Organizations: U.S, International Longshoremen's Association, Gulf Coasts, bitcoin Locations: U.S, China

☆ A researcher who studied Trump's plans to control the Fed said it could tank the economy
▼ + stars: | 2024-09-29 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +5 min

Economists at the Peterson Institute studied what would happen if Trump undermined Fed independence. The study's lead researchers dug into the economic impact of three of Trump's campaign promises: mass deportations, tariffs, and eroding Fed independence. Though Trump promises an America First economic agenda, McKibbin said that taking control of the Fed would get him the opposite results. AdvertisementHe doesn't think the public is paying enough attention to the risks of Trump's Fed proposals or the overall murkiness of the candidates' economic policy. "If you're going to advocate a policy, there has to be evidence as to why you're advocating that policy," McKibbin said.

Persons: Trump, —, Warwick McKibbin, McKibbin, Jerome Powell, Trump hasn't, they're, Kamala Harris, Harris Organizations: Peterson Institute, Fed, BI, Service, Federal, Peterson Institute of International Economics, Trump, PIIE, Business, Wall Street Journal, Biden Locations: China, Canada, Mexico, Australia, America

☆ China's central bank tells commercial lenders to start cutting rates on existing mortgages
▼ + stars: | 2024-09-29 | by ( ) www.cnbc.com time to read: 1 min

The central bank of the People's Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. The People's Bank of China on Sunday told commercial banks to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy. All commercial banks must, in batches, reduce interest rates on existing mortgages by Oct. 31 to no less than 30 basis points below the PBOC's Loan Prime Rate, the central bank's benchmark rate for mortgages, according to a statement released by the PBOC.

Organizations: People's Bank of China, Sunday, PBOC's Locations: People's Republic of China

☆ Oil prices fall as expectations of higher supplies hammer market sentiment
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. "The big-ticket items on the markets radar this week have been Libya and OPEC+," analysts at FGE Energy told clients on Thursday. A media report on Wednesday claimed the previously announced reversal is due to Saudi Arabia's decision to abandon a $100 oil price target and gain market share, causing oil prices to slide by 3% in the previous session. Still, the report has set off renewed speculation about a battle for market share at a time that investor sentiment was already at record lows, FGE noted.

Persons: Brent, Daniel Hynes, FGE Organizations: OPEC, Brent, U.S, West Texas, FGE Energy, Central Bank of, ANZ Bank, Organization of Petroleum, Reuters, ICE Brent Locations: Libya, OPEC, Central Bank of Libya, Saudi, Saudi Arabia

☆ China's surprise stimulus could be a red flag, so investors should approach the nation's long-awaited rally with caution
▼ + stars: | 2024-09-26 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

AdvertisementLorraine Tan, Morningstar's director of equity research for Asia, also thinks monetary stimulus won't be sufficient. History says their skepticism is warranted, as China's past stimulus efforts have often failed to lead to sustainable gains. Even if this surge holds up, it won't necessarily spark a self-fulfilling prophecy that provides a lasting boost for China's economy. But others like Tan from Morningstar believe this bad news is reflected in Chinese stocks' cheap valuations. The team at UBS Global Wealth Management is also cautiously optimistic about Chinese stocks after this news.

Persons: —, they're, Betty Wang, Marcelli, Lorraine Tan, Tan, Brian Mulberry, Mulberry, Wang, China isn't, Jeff Kleintop, Charles Schwab, Donald Trump, Rory Green, Xi Jinping, Biden, Trump, That's, Kleintop, Morningstar, she'd Organizations: Service, Business, People's Bank of, Oxford Economics, UBS Global Wealth Management, Zacks Investment Management, Federal Reserve, BI Locations: China, People's Bank of China, Asia, Central, Republic

☆ China just released aggressive measures to boost its economy — but some analysts say it's still not enough
▼ + stars: | 2024-09-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday. Stimulus measures don't address consumptionDespite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus. AdvertisementMost say the monetary easing policies don't address the lack of confidence contributing to depressed consumer spending. China has pulled out multiple support measures this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived. Advertisement"Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at ING bank, wrote on Tuesday.

Persons: —, Pan Gongsheng, Pan, Betty Wang, Wang, it's, Nomura, Lynn Song Organizations: Service, People's Bank of China, Business, Analysts, Oxford Economics, CSI, Nomura, ING Locations: Beijing, China, Greater China

The Chinese central bank's largest stimulus measures since Covid should provide the world's second-largest economy with a much-needed boost, which should help our portfolio companies doing business there. The Club has a broad range of companies with significant sales exposure to China, and some with none. Here's a look at the percentages in our 32 stock portfolio, as well as recent earnings call commentary, about the business climate and the potential in China. On the industrial side, DuPont has the most China exposure because of its electronics and water businesses. Eaton and Dover don't have nearly as much China exposure.

Persons: Donald Trump, Kamala Harris, Biden, Colette Kress, Tim Cook, Brian Niccol, Gamble, Andre Schulten, Peter Arduini, Lori Koch, Stanley Black, —, Jeff Marks, Jim Cramer's, Jim Cramer, Jim, Peng Organizations: People's Bank of China, Wall, Commodities, Republican, House, Democratic, Trump, Broadcom, Nvidia, AMD, Nvidia's, Apple, Starbucks, Investors, Huawei, Jefferies, Consumer, Procter, Barclays, GE Healthcare, GE, DuPont, Banking, Coterra Energy, Investing, Jim Cramer's Charitable, CNBC Locations: Asia, China, America, U.S, Eaton, Dover, People's Republic of China

☆ China unexpectedly leaves benchmark lending rates unchanged after Fed's jumbo cut
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing. The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%. The one-year LPR affects corporate and most household loans in China, while the five-year LPR acts as a benchmark for mortgage rates. Urban jobless rate rose to a six-month high, while year-on-year home prices fell at their fastest pace in nine years. Bank of America lowered their forecast for China's 2024 GDP growth to 4.8%, and Citigroup trimmed their projection to 4.7%.

Organizations: Reuters, People's Bank of China, Bank of America, Citigroup Locations: People's Republic of China, China

☆ The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
▼ + stars: | 2024-09-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday. The jumbo half-point cut the Fed ultimately rolled out was not at all what traders expected a week ago. Powell: Fed officials ‘left the size of the rate cut open’ ahead of September meetingIn a closely watched speech at the Fed’s annual economic symposium in Jackson Hole, Wyoming, last month, Powell declared “the time has come” to cut interest rates. That data was apparently enough to spur some Fed officials to reconsider their position. “But we do not expect Fed officials to be intentionally opaque,” said Husby.

Persons: Jerome Powell, Powell, ‘, “, Price, Christopher Waller, ”, Powell’s, Thomas Simons, ” Simons, Michelle Bowman, “ We’re, Andrew Husby, Waller, there’s Organizations: New, New York CNN — Federal, Fed, PPI, CNBC, Jefferies, BNP Locations: New York, Jackson Hole , Wyoming

And yet an unusual air of uncertainty overhangs this week's meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. This week's move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.

Persons: Donald Trump's, Kamala Harris, Jerome Powell, —, Powell, Jackson, Freddie Mac Organizations: WASHINGTON, —, Federal Reserve, Wall Street, Companies, Associated Press Locations: Jackson Hole , Wyoming

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