Live updates: Fed decision May 2023
Fed statement changes line about ‘additional policy firming’ One major change in Wednesday’s Fed statement is the omission of a key phrase that in prior...
Here’s what to expect from today’s Federal Reserve announcement
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. Olivier Douliery |...
PacWest falls more than 20% as regional bank stocks slide to new lows
A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images Regional bank stocks...
Gold advances on fresh banking jitters as Fed verdict looms
Bars of gold are seen at the Krastsvetmet company, one of the world’s largest producers of precious metals in Moscow, Russia on January 31, 2023. ...
73% of millennials are living paycheck to paycheck, new report finds
Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60%...
Bank of America makes bull call on gold; it’s time to own bullion ETFs
The stage is set for gold to shine as bullion makes an ideal hedge for stubborn inflation, according to Bank of America. “That rare thing,...
A recession is coming — and equity markets may incur some pain, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need...
New Senate bill would allow U.S. Mint to alter coins’ metal content
Recently struck pennies in a bin at the U.S. Mint in Philadelphia. Stephen Hilger | Bloomberg | Getty Images WASHINGTON — A bipartisan bill to...
Gold retreats to weekly loss on hawkish Fed
A worker removes cooled 12 kilogram gold ingots from their molds in the foundry at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Thursday,...
Public pessimism on the economy hits a new high, CNBC survey shows
Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic...