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Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says

U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in...

S&P 500 to tumble 30% as recession hits later this year, says BCA Research

U.S. stocks are set to drop more than 30% as a recession hits the U.S. economy in the coming months, BCA Research predicts. The...

Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more

Check out the companies making headlines in midday trading: Rivian Automotive — The stock surged more than 23% following the announcement that the electric...

How Delta made itself America’s luxury airline — and what United wants to do about it

Rival United Airlines — second to Delta in net profit margins — is circling. It says it could grow profits even more this year."Knowing...

Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve

Those comments reflect a prevailing sentiment at the central bank, in which most policymakers have said in recent weeks that, while they still expect...

Switzerland makes second interest rate cut as major economies diverge on monetary policy easing

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe...

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

Economist Claudia Sahm on CNBC's The Exchange.CNBCThe Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to...

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