Fed is expected to hold rates steady
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Fed, Stock futures
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More jobs, more spending and continued uncertainty about tariffs. Here's how that could impact the Fed's interest rate decision this week.
Jerome Powell has been Trump’s No. 1 target as the president demands lower interest rates, but other policymakers are also part of each rate-setting decision
U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement.
Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note. It would be signal that policymakers are moving in favor of easing, making a reduction at the next meeting a more likely event.
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On today's episode of CNBC Crypto World, bitcoin and ether fall ahead of the Federal Reserve's decision on rates. Plus, Kraken's Thomas Perfumo breaks down the crypto exchange's new OTC report and what we can expect for major cryptocurrencies in the months to come.
A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some of the tools policymakers use to influence the economy come under greater scrutiny.