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The 10-year Treasury yield sat near flat at 4.449%, near its highest point since July. The 10-year Treasury yield hovered near a 4-month high on Thursday after Federal Reserve chair Jerome Powell indicated that the central bank is in no hurry to slash interest rates. The moves followed Fed Chair Jerome Powell's speech in Dallas Thursday, where he told business leaders the cenral bank doesn't need to quickly cut interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in prepared remarks. The speeches come as investors and economists scrutinize what President-elect Donald Trump's return to the White House could mean for U.S. interest rates.

Persons: Jerome Powell, Jerome Powell's, Powell, Adriana Kugler, Donald Trump's, Dow Jones, —, Sarah Min Organizations: Treasury, Federal, Fed Locations: Dallas

European markets closed higher on Thursday as traders digested a slew of earnings and assessed fresh inflation data for a signal on the possible trajectory of interest rate cuts. The pan-European Stoxx 600 provisionally ended the day 1.08% higher, with all sectors and major bourses trading in the green. Shares of Burberry jumped more than 22%, after the British luxury house announced a sweeping overhaul strategy to stem declining sales. Investors are assessing the likelihood of another interest rate cut by the U.S. Federal Reserve in December after the latest U.S. inflation data. U.S. stocks were little changed Thursday, while Asia-Pacific markets traded in mixed territory overnight.

Persons: Donald Trump's Organizations: Burberry, Siemens, Bilfinger, Merck, Fincantieri, Metro Bank, Aviva, Deutsche Telekom, U.S . Federal Reserve, Federal Locations: Veon, Asia, Pacific

☆ Wholesale prices rose 0.2% in October, in line with expectations
▼ + stars: | 2024-11-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. On a 12-month basis, headline wholesale inflation was at 2.4%. Excluding food and energy, core PPI rose 0.3%, also one-tenth more than September and also matching expectations. Services rose 0.3% on the month, accounting for most of the PPI increase, and was driven largely by a 3.6% surge in portfolio management prices. Goods prices nudged higher by 0.1% after falling the previous two months.

Persons: Dow Organizations: Federal Reserve, of Labor Statistics, PPI, Traders, Labor Department

☆ Fed’s Powell: Rate cuts are still underway
▼ + stars: | 2024-11-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in place, at least in the short run. “We are moving policy over time to a more neutral setting,” Powell said in prepared remarks for an event in Dallas. It’s also too soon for Fed officials to conclude that October data is indicative of any new trend. While additional hot inflation reports could be factored in to the Fed’s decisions, officials are also looking at the US labor market closely. There’s also been tension between Trump and Powell, whom the president-elect first nominated in 2017 to steer the central bank.

Persons: Jerome Powell, Powell, ” Powell, Donald Trump, Trump’s, It’s, Price, “, —, There’s Organizations: Washington CNN — Federal, Republican, Fed Locations: Dallas, stoke, Trump

Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role. The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday. Stock futures turned higher, while traders bid up the price of government bonds. All-important shelter costs rose 0.4% from September to October, accounting for over half the monthly gains, the BLS said. Over the past four years, consumer prices have cumulatively increased about 20%, with the costs of many other goods and services rising even faster.

Persons: That's, Joe Biden’s, ” Kathy Jones, Charles Schwab, ”, Donald Trump, Trump, Jerome Powell Organizations: of Labor Statistics, BLS, Charles, Charles Schwab Center, Financial Research, ” Voters, White House, Trump, Investors, Adobe, National Retail Federation, Peterson Institute for International Economics, Citi Locations: —

☆ Bitcoin briefly tops $93,000 for the first time as investors digest postelection gains, inflation data
▼ + stars: | 2024-11-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin rose above $93,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data. Traders were digesting the most recent consumer price index, which showed prices increased 0.2% in October, bringing the 12-month inflation rate up to 2.6%. Bitcoin, which has recently benefited from a big postelection rally across risk assets, is seen by many investors as a hedge against potential fiscal policy that could spark inflation. The rest of the crypto market sold off as investors took profits from the past week's rally. Most bitcoin miners, including Mara Holdings , Riot Platforms , CleanSpark and Iren , formerly known as Iris Energy, tumbled double digits.

Persons: cryptocurrency, MicroStrategy, Mara, XRP, Dogecoin, Elon, Donald Trump's Organizations: Traders, Mara Holdings, Energy

☆ Annual inflation rate hit 2.6% in October, meeting expectations
▼ + stars: | 2024-11-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts. The consumer price index , which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. Energy costs, which had been declining in recent months, were flat in October while the food index increased 0.2%.

Persons: Dow Jones, Trump, Ellen Zentner Organizations: Dow, of Labor Statistics, Stock, Federal Reserve, Energy, BLS, White, CPI, Morgan Stanley Wealth Management

☆ Inflation hit a bump in October after slowing for six straight months
▼ + stars: | 2024-11-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Housing-related inflation accounted for half of the monthly rise, and energy prices were flat after dragging down the overall index for four of the past six months. The Consumer Price Index measures price changes across commonly purchased goods and services. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and stubborn housing-related inflation. Consensus estimates were for a 0.2% monthly increase and a 2.6% annual increase in the overall CPI, according to FactSet. A potential ‘inflation shock’ in the wingsAlthough the broader US economy survived the sharpest inflation run-up seen in a generation, Americans’ finances — and their sentiment — were far from unscathed.

Persons: “, ” Stephen Juneau, Donald Trump, Larry Summers, Kate Bolduan, Trump’s, Lindsay Rosner, Jerome Powell Organizations: CNN, Bureau of Labor Statistics ., Bank of America, BLS, —, Trump, Biden, CNN News Central, Federal Reserve, Goldman Sachs Asset Management Locations: Ukraine

☆ Our lone oil-and-gas stock strikes 2 smart deals — plus, AMD sharpens its AI focus
▼ + stars: | 2024-11-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Franklin, Coterra, Tom Jorden, Jim Cramer's, Jim Organizations: CNBC, ., Dow Jones, Nasdaq, Franklin Mountain Energy, Natural Resources, Devices, Bloomberg News, AMD, Silo, Systems, Club, Nvidia, Philadelphia Stock Exchange Semiconductor, SOX, Cisco Systems, Disney, Jim Cramer's Charitable Locations: New Mexico, West Texas

☆ Inflation report shows market could have a 'recipe for disaster' heading into new year, says economist
▼ + stars: | 2024-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

So far on Wednesday, the stock market was largely ignoring the morning's inflation report because the main CPI reading was as economists expected. But a look deeper into the report spells trouble for a stock market — and president-elect — that are going to want the Federal Reserve to keep cutting rates throughout next year to keep fueling the bull market. However, in recent months, policymakers have focused more on the headline number, saying shelter costs, which have an outsized influence on core CPI, will come down. But core inflation has remained unusually stubborn, suggesting the Fed may have to hold rates higher than investors were previously anticipating. Core CPI showed a third straight monthly increase of 0.3%, bringing the annual rate to 3.3%.

Persons: Chris Rupkey, Jerome Powell, Rupkey, Donald Trump, —, Jeff Cox Organizations: Federal Reserve, Fed, White, Washington , D.C Locations: Washington ,

Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. U.S. stocks slid on Thursday, as fresh comments from Federal Reserve Chair Jerome Powell signaled that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average slipped 189 points, or 0.4%, after falling more than 250 points at the lows of the session. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said. Those moves come after the October producer price index released Thursday rose 0.2%, matching forecasts from economists polled by Dow Jones.

Persons: Republican Donald Trump, Jerome Powell, Stocks, Powell, Tesla, Dow Jones, Donald Trump's, Jay Woods Organizations: New York Stock Exchange, Republican, U.S, Federal, Dow Jones, Nasdaq, Trump, Russell, PPI, Dow, Freedom Capital Locations: New York City, U.S, Dallas

☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ Stock futures are little changed as investors look toward key inflation report: Live updates
▼ + stars: | 2024-11-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. S&P 500 futures and Nasdaq 100 futures also inched down around 0.1% each. Other notable economic data releases later this week include the producer price index data and retail sales numbers, which will be announced on Thursday and Friday, respectively. "This is a busy week with consumer prices, producer prices, and retail sales.

Persons: Dow, Tom Hainlin, Dow Jones, Scott Helfstein Organizations: New York Stock, Dow Jones, Nasdaq, U.S, Bank Wealth Management, Investors, Federal, Global, Fed Locations: New York City . U.S

☆ U.S. Treasury yields move higher as traders digest Trump win, await key data
▼ + stars: | 2024-11-12 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield rose by more than four basis points to 4.3550%. The yield on the 2-year Treasury — which is the most sensitive to interest rate expectations — rose by more than six basis points to 4.3149%. U.S. Treasury yields jumped on Tuesday as investors continued to digest what President-elect Donald Trump's election win could mean for interest rates, and awaited key economic data — including inflation — later this week. It comes after the Federal Reserve cut interest rates for a second consecutive time last week, by 25 basis points to a target range of 4.50%-4.75%. Federal Reserve officials including Richmond Federal Reserve President Thomas Barkin and Federal Reserve board governor Christopher Waller will also speak on Tuesday.

Persons: Donald Trump's, Thomas Barkin, Christopher Waller Organizations: Treasury, U.S, Federal Reserve, Traders, Federal, Richmond Federal, FactSet

☆ Bonds grab the wheel — plus, more activist news and a profit warning tied to tariffs
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China

☆ What's behind Salesforce's record highs — plus, a possible stock to buy after this week's earnings
▼ + stars: | 2024-11-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street firm Jefferies boosted its Salesforce price target to $400 per share from $350, implying 40% updside from Friday's close. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.

Persons: Jim Cramer, Jeff Marks, Jefferies, Marks, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Devices, Broadcom, Nvidia, Wall Street, Federal Reserve, Jim Cramer's Charitable Locations: Friday's

☆ Gold extends decline; investors await U.S. data, Fed comments
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. "We may expect the Fed to be more cautious in its easing process ahead, which could cap gold prices," Yeap said. Several Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak this week. Additionally, U.S. consumer and producer price index data, weekly jobless claims and retail sales figures are due this week.

Persons: Yeap Jun Rong, Donald Trump's, Yeap, Bullion, Jerome Powell Organizations: Federal Reserve, Traders Locations: Beijing

☆ S&P 500 futures are little changed after stocks close at record highs: Live updates
▼ + stars: | 2024-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

S&P 500 and Nasdaq 100 futures each also ticked down about 0.1% each. Monday's action comes amid a market upswing that began following last week's presidential election won by Donald Trump. The Dow gained more than 300 points to close higher than 44,000, while the S&P 500 finished the session just over 6,000. "It's a lot of what we saw back in 2016 when Trump won the election the first time." The release of data from these inflation gauges comes after the Fed last week announced another interest rate cut.

Persons: that's, Donald Trump, Russell, Larry Tentarelli, They'll, Christopher Waller, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Dow, Trump, Federal, Fed, Minneapolis Fed, Home

☆ The 2 things that will drive the stock market after last week's Trump-Fed rally
▼ + stars: | 2024-11-10 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.

Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris

☆ China consumer prices rise slowest in 4 months, despite stimulus
▼ + stars: | 2024-11-09 | by ( ) www.cnbc.com time to read: +1 min

People purchasing fruit at an agricultural trade market on May 11, 2024 in Lianyungang, Jiangsu Province of China. China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy. Analysts say the package will likely do little to boost economic activity, demand and prices in the near term. However, core inflation, excluding volatile food and fuel prices, rose 0.2% in October, accelerating from 0.1% in September. China's central bank in late September unveiled the most aggressive monetary support measures since the COVID-19 pandemic to revive economic growth.

Persons: Bruce Pang Organizations: National Bureau, Statistics, JLL Locations: Lianyungang, Jiangsu Province, China, Beijing, China's

☆ Cramer's week ahead: Earnings from Home Depot, Disney and new CPI data
▼ + stars: | 2024-11-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday identified what to look out for next week on Wall Street, highlighting earnings from Home Depot , Disney and new consumer price index data from the Labor Department. Cramer also reflected on the Trump-fueled market rally over the past few days, saying there are likely more gains to come. Tuesday has more action, with earnings from Home Depot, Shopify , Tyson Foods and Spotify . Because Tyson Foods is a major meat seller, Cramer said investors can learn a lot about grocery pricing from the company's earnings commentary. Cramer added that some believe there's weak demand in the semiconductor capital equipment sector, but he said it's possible an earnings report from Applied Materials could "change that dynamic."

Persons: CNBC's Jim Cramer, Cramer, Tyson, Shopify, he's Organizations: Home Depot, Disney, Labor Department, Trump, Home, Tyson Foods, Spotify, Federal, Cisco Locations: Shopify

☆ Inflation data will be key hurdle to get through next week after stock market's historic postelection rally
▼ + stars: | 2024-11-08 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump 's decisive victory can continue to push higher. Meanwhile, the October producer price index, which excludes shelter, is set to have risen 0.3%, consensus estimates show, up from a 0.0% reading the prior month. Initial Claims (11/09) 8:30 a.m. Producer Price Index (October) Earnings: Applied Materials , Walt Disney Friday, Nov. 15 8:30 a.m. Export Price Index (October) 8:30 a.m. Import Price Index (October) 8:30 a.m.

Persons: Donald Trump, Hogan, We've, Nancy Tengler, Bitcoin, Harker, Tyson, Price Organizations: Federal Reserve, Riley Wealth Management, FactSet, Laffer, Investments, Trump, Dow Jones, Nasdaq, Atlanta Fed, Treasury, Philadelphia Reserve, Carnegie Mellon, Occidental Petroleum, Nation Entertainment, Tyson Foods, Mosaic, Treasury Budget NSA, Cisco Systems, Walt Disney, Price, Retail, Manufacturing Locations: China, U.S

☆ Here's why Eli Lilly bounced back, plus mega-caps lag while staples stocks rise
▼ + stars: | 2024-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York

☆ Is the 'vibecession' here to stay? Here's what experts say
▼ + stars: | 2024-11-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.

Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China

☆ The Federal Reserve gives Americans another interest-rate cut
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Federal Reserve cut interest rates by 25 basis points on Thursday. AdvertisementAnother interest-rate cut is headed Americans' way. On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September. AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans. Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.

Persons: —, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell Organizations: Reserve, Service, Federal, Market, Trump, Boeing, Fed Locations: Sens

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