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☆ Stock market today: Indexes edge up ahead of major Fed interest rate decision
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

US indexes edged higher as investors waited for a likely interest rate cut from the Fed. AdvertisementUS stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. AdvertisementFollowing the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."

Persons: Jerome Powell's, —, John Lynch, José Torres, Jerome Powell, Powell, shouldn't Organizations: Fed, Traders, Service, Federal, Comerica Wealth Management, Interactive, Deutsche Bank, Investment

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

☆ The Fed is trying to 'fight a ghost' as recession fears mount, investor says
▼ + stars: | 2024-08-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

LONDON — As a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room for manoeuvre, investor Cole Smead warned Monday. "The Fed is trying to fight a ghost in some respects. But it's a fiscal problem, and that fiscal problem's not ending," he said. The CBOE Volatility Index, also know as the "VIX" — a measure of expected market volatility — jumped to 41.65, according to LSEG data, hitting its highest level since October 2020, as risk fears returned to the market. "Whoever comes in, be it Kamala Harris or Donald Trump, there's going to be an interest in trying to prop up anything," he said.

Persons: Jerome Powell, William McChesney Martin, Cole Smead, Smead, CNBC's, Jay Powell, Kamala Harris, Donald Trump Organizations: Federal Reserves, Washington , D.C, LONDON, Federal, Smead Capital Management, CNBC, Reuters Locations: Washington ,, U.S, Europe, Asia

☆ Germany outlines wartime plans: Mandatory conscription and subway stations as bunkers
▼ + stars: | 2024-06-09 | by ( Sophie Tanno | ) edition.cnn.com time to read: +5 min

CNN —Conscription, rationing, and subway stations turned into bunkers. For the first time since the Cold War, Germany has updated its plans should conflict erupt in Europe, with ministers citing the threat posed by Russia. It also outlines civil protection measures including transforming underground stations into makeshift bunkers and preparing hospitals for an influx of patients. Unveiling the plans, German Interior Minister Nancy Faeser said it was necessary for her country to arm itself better in the face of Russian aggression. ‘Ready for war by 2029’Germany’s updated wartime plans come as Russian President Vladimir Putin presents an ongoing security threat to Europe.

Persons: Nancy Faeser, ”, “, Vladimir Putin, Pistorius, Der Spiegel, ” Pistorius, Putin, Ben Wallace Organizations: CNN, Overall Defense, German, NATO, Deutsche Welle, UK, Wednesday Locations: Germany, Europe, Russia, Ukraine, –, Baltic, Britain, Moscow

☆ Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out
▼ + stars: | 2024-02-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

That could double central bank's gold purchases, challenging jewelry consumption as the largest driver of gold demand, Doshi elaborated. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying. The world's central banks have sustained two successive years of more than 1,000 tons of net gold purchases, the World Gold Council reported in January. Another wildcard scenario highlighted in Citi's report was for oil prices to hit triple digits again. Stock Chart Icon Stock chart icon Oil prices in the past one year

Persons: Doshi, Stagflation Organizations: Citi, CNBC, Central, U.S ., Gold, U.S . Federal Reserves, Co, Bloomberg, Getty Locations: Citi's North America, China, Russian, India, Turkey, Brazil, U.S, Bangkok, Thailand, Israel, Yemen, Iraq, OPEC

WAKE FOREST, N.C. (AP) — The endangered red wolf can survive in the wild, but only with “significant additional management intervention,” according to a long-awaited population viability analysis released Friday. It calls for spending nearly $328 million over the next 50 years to get the red wolf off the endangered species list. The red wolf once roamed from central Texas to southern Iowa and as far east as Long Island, New York. “We have not yet identified locations for establishing new Red Wolf populations,” the report said. But the viability study cautioned that such releases be done very carefully, so as not to reduce the genetic diversity within the captive-bred population.

Persons: “, rufus ” —, Red Wolf, Parks Shannon Estenoz, Wolf, ”, Ramona McGee Organizations: Fish, Wildlife Service, Wildlife, Parks, Texas -, Southern Environmental Law Locations: N.C, U.S, United States, Fish, North Carolina, Texas, Iowa, Long, , New York, Texas - Louisiana, Smoky

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSept 13 (Reuters) - Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. But U.S. crude oil, distillate and gasoline stockpiles rose last week, according to market sources citing American Petroleum Institute (API) figures on Wednesday. Crude stocks rose by about 1.2 million barrels in the week ended Sept. 8, against analysts estimate of a draw of about 1.9 million barrels. Gasoline inventories rose by about 4.2 million barrels, while distillate inventories rose by about 2.6 million barrels.

Persons: Agustin Marcarian, Satoru Yoshida, Yoshida, Izvestia, Nikolai Shulginov, Brent, Yuka Obayashi, Muyu Xu, Stephen Coates, Jamie Freed, Miral Organizations: REUTERS, Brent, U.S, West Texas, OPEC, U.S . Energy, Rakuten Securities, Libya, of, Petroleum, Energy, American Petroleum Institute, Federal Reserves, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Libya, China, Saudi Arabia, Russia, OPEC

A jump in the number of people working part-time for economic reasons also suggested a weaker labor market, but the pace of job growth remains strong and with inflation still double the Fed's target rate, a rate hike this month is likely. "The Fed is being hawkish and that prevents the dollar from depreciating too much. After the jobs data, futures pointed to an 88.8% probability that the Fed hikes in three weeks. Adding a tailwind to the rally in the yen was some position-squaring among speculators, who have built up sizeable bearish positions, Hardman said. The Australian dollar rose 0.8% to $0.6681, but it is still battered by weak Chinese economic data and broad risk aversion.

Persons: Joe Manimbo, We're, Thierry Wizman, They've, Lee Hardman, Hardman, YEN, Herbert Lash, Amanda Cooper, Rae Wee, Sam Holmes, Mark Potter, Barbara Lewis, Marguerita Choy Organizations: Federal Reserves, Labor Department, Treasury, ECB, Strong U.S, Bank of Japan, Thomson Locations: U.S, Japan, New York, London, Singapore

☆ Oil prices slip on global economic slowdown fears
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: +2 min

Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts. Fears of a further slowdown hurting fuel demand grew after data on Friday showed U.S. inflation still outpacing the central bank's 2% target and stoked expectations it would hike interest rates again. Higher interest rates could strengthen the greenback, making commodities more expensive for holders of other currencies, and also dampen oil demand. However, the latest Reuters survey showed OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others. U.S. crude output fell in April to 12.615 million barrels per day, its lowest since February, the U.S. Energy Information Administration said on Friday.

Persons: Brent, WTI, Caixin, Baker Hughes Organizations: U.S . Federal, Brent, . West Texas, National Australia Bank, Saudi, Petroleum Reserve, NAB, Organization of, Petroleum, U.S . Energy, Administration Locations: U.S, China, Saudi Arabia, Iraq, Nigeria

☆ Watch CNBC's full interview with JP Morgan's David Kelly
▼ + stars: | 2023-03-29 | 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 JP Morgan's David KellyDavid Kelly, JP Morgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss the Federal Reserves rate policy plan, the Chinese economy's influence on U.S. inflation, and investment opportunities in international stocks.

☆ Employee bargaining power is limited with wage growth below inflation, says JPM's David Kelly
▼ + stars: | 2023-03-29 | 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 EmailEmployee bargaining power is limited with wage growth below inflation, says JPM's David KellyDavid Kelly, JP Morgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss the Federal Reserves rate policy plan, the Chinese economy's influence on U.S. inflation, and investment opportunities in international stocks.

The sharp contrast with Bolsonaro, who criticized environmental agents, was a relief to some scientists concerned that the retreating Amazon rainforest may be near a point of no return. Ibama's staffing and resources expanded in Lula's 2003-2010 presidency, when he managed to reduce Amazon deforestation by 72%. Rodrigo Agostinho, whom Lula tapped to run Ibama, told Reuters in an interview that the agency now has about 350 active field agents for all of Brazil. That is less than half what it had at the start of Bolsonaro's term and well below the 2,000 field agents at the peak of its powers, he added. Sidelining Ibama, Bolsonaro deployed the military to protect the Amazon, but their inexperience in conservation failed to lower deforestation while running up a massive bill.

☆ Bitcoin is headed for its best start to the year since 2013 as risk appetite grows ahead of expected smaller Fed rate hike
▼ + stars: | 2023-01-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

The rally comes ahead of expected smaller rate hikes from the Federal Reserve next week. The rally seems driven by the belief that the Federal Reserve will ease back further on aggressive rate hikes following signs of cooling inflation. "More measured rate hikes globally tilting to stability will reduce the headwinds as BTC edges towards fresh heights. Matrixport's Thielen said supporting the rally is a "clear signal" that US institutions are buying up bitcoin right now. "Institutions are not only buying bitcoin spot; rather, we are also seeing consistently high premiums for perpetual futures," Thielen said.

There are hints that the worst of the U.S.'s bout with inflation may be in the past. The consumer price index, a widely watched inflation gauge, came in at 7.7% in October when compared with a year earlier. Inflation can be very hard to predict," Kevin Kliesen, business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview. However, any potential downturn is expected to be mild, The Conference Board CEO Steve Odland told CNBC. This could be a much less painful experience with the Fed trying to tame inflation than it has been in the past," Odland said.

☆ Here's when Wall Street thinks inflation could finally end
▼ + stars: | 2022-11-21 | by ( Noah Higgins-Dunn | ) www.cnbc.com time to read: +1 min

There are hints that the worst of the U.S.'s bout with inflation may be in the past. The consumer price index, a widely watched inflation gauge, came in at 7.7% in October when compared with a year earlier. While that was still well above the Federal Reserves' 2% target, it did clock in below Wall Street's expectations. However, any potential downturn is expected to be mild, The Conference Board CEO Steve Odland told CNBC. This could be a much less painful experience with the Fed trying to tame inflation than it has been in the past."

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