Market Overview - The Federal Open Market Committee (FOMC) decided to keep interest rates steady at +4.25-4.50% during its five meetings in 2025, acknowledging moderated growth but stable unemployment and labor market conditions [2][4] - Fed Chair Powell indicated that tariffs are beginning to impact inflation metrics, with the latest CPI Inflation Rate rising to +2.7% [5][4] - Market indexes experienced declines following Powell's statements, although the Nasdaq managed a slight gain of +0.15% by the close [1][6] Company Earnings Reports - Microsoft reported fiscal Q4 earnings of $3.65 per share, exceeding expectations by $0.30, with revenues of $76.4 billion, up +18% year over year, driven by a +39% increase in its Azure cloud business [6] - Meta Platforms significantly surpassed earnings projections with $7.14 per share against an anticipated $5.83, and revenues of $47.52 billion, up from $44.84 billion, with a +6% increase in Daily Active People to 3.48 billion [7] - Ford Motor Co. reported Q2 earnings per share of $0.37, exceeding estimates, with revenues over $50 billion, but shares fell due to $800 million in costs attributed to direct tariff exposure [9] - Qualcomm's fiscal Q3 earnings were $2.77 per share, beating expectations by $0.07, but revenues of $10.37 billion slightly missed the forecast, leading to a -4.6% drop in shares [10]

If it's Wednesday, it's the economy. The president touts a better thanex expected GDP report ahead of another major tariff deadline as the Federal Reserve bucks the president's demands to lower interest rates. Plus, NBC News exclusive reporting on Defense Secretary Pete Hag's potential plans to run for office in Tennessee in what would be a major leadership shakeup for the Pentagon and President Trump's cabinet. And former Vice President Kla Harris says she will not run for governor of California, raising s ...

Brazil’s central bank held its key interest rate unchanged, pausing a monetary tightening cycle to observe its effects on above-target inflation just hours after Donald Trump delayed the implementation of punishing tariffs https://t.co/VQGJzWe07C ...

Group 1 - The Federal Reserve is considering a significant interest rate cut from the current range of 4.25%-4.5% to 3%, a reduction of 125-150 basis points, due to inflation nearing targets and stagnation in private sector job growth [3][4] - Nvidia's founder announced the approval for AI chip exports to China, leading to a surge in Nvidia's stock price and a market capitalization exceeding $4.1 trillion, highlighting the interplay between finance and technology [1][3] - The internal division within the Federal Reserve is becoming apparent, with some officials advocating for rate cuts while others express concerns about potential long-term inflation due to tariffs [3][4] Group 2 - Trump's call for a drastic 300 basis point rate cut and the suggestion of firing Fed Chair Powell has led to market volatility, with predictions of Powell's dismissal rising significantly [4][6] - The 30-year U.S. Treasury yield has surpassed 5%, indicating a potential long-term high-interest rate environment, alongside a national debt of $37 trillion [8][11] - Inflation data shows a core CPI increase of 2.9% year-on-year, exceeding the Fed's 2% target, with businesses planning to pass on tariff costs to consumers, raising concerns about stagflation [8][11]

We have made no decisions about September. There's a lot of lean in the markets uh and not to mention uh out of the administration for a rate cut now in September. Uh is that uh expectation unrealistic at this point.So as you know today we decided to leave our policy rate where it's been which where I would characterize as modestly restrictive. Inflation is running a bit above 2% as I mentioned even excluding tariff effects. The labor market's solid, historically low unemployment, financial conditions are a ...

uh bring in Charles Schwab's Kevin Gordon, High Tower Adviserss Stephanie Link and former Federal Reserve Governor Frederick Michigan. Um Stephanie and Fred uh Frederick are both CNBC contributors. And we are going to hear from uh from Steve Leeman who was in the room in just a moment.And Professor Michigan, I'd love your takeaway on on Pal's comments there. I mean, he he seemed to withhold any uh any indication that he's leaning toward a cut in September and in fact at one point said, "Hey, we're already l ...

Joining us now, NBC News senior White House correspondent Garrett Hake, Financial Times US National Editor Ed Loose, and CNBC senior analyst and commentator Ron Insana. Ron, rates remaining unchanged. So, explain to us what that means.>> So, the Federal Reserve is still looking at the the balance of data that it has in front of it. We saw the GDP report this morning, which as you said came in stronger than expected, but when combined with the first quarter, we're actually growing more slowly right now than ...

Economic Outlook - The economy is in a solid position with a low unemployment rate and a labor market at or near maximum employment [1] - Inflation has been running somewhat above the 2% longer-run objective [1][3] - There's also downside risk to the labor market [5] Monetary Policy - The Federal Open Market Committee decided to leave the policy interest rate unchanged [2] - The current stance of monetary policy is believed to be well-positioned to respond to potential economic developments [2] - The policy rate is characterized as modestly restrictive [3] - Financial conditions are accommodative [4] - The economy is not performing as though restrictive policy were holding it back inappropriately [4] Future Considerations - In coming months, a good amount of data will help inform the assessment of the balance of risks and the appropriate setting of the federal funds rate [5]

No change. The Federal Reserve holding rates steady in the range of four and a quarter to four and a half percent. But two Federal Reserve governors Chris Waller and Michelle Bowman dissenting, preferring to cut rates by 25 basis points, underscoring division within this Federal Reserve over the impact of President Trump's tariffs on inflation.This is the first time in 30 years that we have seen two Federal Reserve governors descent simultaneously. Now, there were some changes to the policy statement. Notab ...

you'll be getting essentially two rounds of jobs and inflation data between now and the September meeting. Is that potentially adequate to make a decision to lower rates at that point. So, you're right.We do have this is a an interming period when we'll get two full rounds of employment and inflation data before the time of the September meeting. We have made no decisions about September. We don't we don't do that in advance.We'll be taking that information into consideration and all the other information w ...