Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025.  Nathan Howard | Reuters Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing […]

Fed holds interest rates steady

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted […]

Here’s what changed in the new statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]

Stocks making the biggest moves midday: BA, NVDA, ADSK, GILD

Check out the companies making headlines in midday trading: Autodesk — Shares of the design software maker rose nearly 4% after Starboard Value said it is preparing to wage a proxy fight and intends to nominate a minority slate of director candidates ahead of the company’s upcoming annual meeting. MicroStrategy — The company, which is now going […]

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build… AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said Wednesday […]

Why uncertainty makes the stock market go haywire

Traders on the floor of the New York Stock Exchange on March 14, 2025, at the opening bell.  Timothy A. Clary | Afp | Getty Images Uncertainty isn’t in short supply these days — and investors have taken notice. See-sawing policy from the White House has given investors whiplash on many fronts — with tariffs […]

GIS, GILD, TSLA and more

Check out the companies making headlines before the bell. HealthEquity — Shares of the health-focused fintech company plunged 15% following weaker-than-expected fourth quarter earnings. HealthEquity, posted non-GAAP earnings per share of 69 cents on revenue of $311.8 million. Analysts polled by FactSet expected earnings of 72 cents per share on revenue of $305.8 million. General […]

Santander says 750 jobs at risk as it pursues UK branch closures

Jonathan Nicholson | NurPhoto | Getty Images The British unit of Spanish lender Banco Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K. The decision is part of the bank’s broader plans to update its presence from June 2025 and will bring […]

China is tackling weak consumption with child care subsidies

Customers browse children’s clothing at a wholesale store in Chongqing, China, on March 1, 2025. Cheng Xin | Getty Images News | Getty Images BEIJING — Among the top five priorities China has laid out for boosting consumption is child care subsidies. It’s an effort to tackle the country’s rapid drop in births, while freeing […]

Retail investors ditch buy-the-dip mentality during the market correction

Spencer Platt | Getty Images Individual investors, whose assets are more tied to the stock market than ever, have abandoned their tried-and-true dip-buying mentality as the S&P 500 recently fell into a painful, 10% correction. Retail outflows from U.S. equities rose to about $4 billion over the past two weeks as tariff chaos and mounting […]