Author: Daniel snow

There was a general sense among most Federal Reserve officials that interest rates could be lowered by the end of the year, minutes of the Fed’s June 17-18 meeting showed. Source link

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength.Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves. The meeting ended with Federal Open Market Committee members voting unanimously to hold the central bank’s key borrowing rate in a range between 4.25%-4.5%, where it has been since December 2024.However, the summary also showed a growing divide over how policy should proceed from here.”Most participants…

For four countries, the tariff rates announced Wednesday are below their April 2 levels, while two countries will see an increase and Algeria will not see any change. Source link

The time required to bring new marginal copper production online is measured in years, not months, says CIO Source link

The Trump administration said borrowers enrolled in the SAVE program will see their balances grow, starting in August. Source link

Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he’s been priced out.”Basically, it’s too expensive for me,” Manning told CNBC Sport in an interview. “A 1% stake valued at $10 billion turns into a very big number.” Manning’s comments come as NFL team valuations skyrocket. In CNBC’s Official NFL Team Valuations published in September, the Giants were valued at $7.85 billion, ranking fourth among the league’s 32 teams.In December, the Philadelphia Eagles sold a minority stake in the team at a valuation of $8.3…

Businesses large and small have sprung into action to recover from the devastating disaster. Source link

Readers respond to a guest essay by Dr. Allen Frances. Also: A Supreme Court decision on firing federal workers. Source link

Use the HI-UPS framework to take your career to the next level. Source link

These charts help to highlight some of the disconnects between the economic data, expectations and current market pricing that could create trouble for stocks later this year. Source link