cnbc_topnews

What a divided Fed means for investors

📰 source: cnbc_topnews · 💼 business

the fed held rates steady at its second meeting under chairman kevin warsh, but three policymakers dissented and called for a hike — the most since september 2016. wall street now sees a hike as likely in september, with fed funds futures pricing over 57% odds of a quarter-point increase. markets reacted negatively: the s&p 500 fell 1.5%, the dow dropped over 2%, and the nasdaq entered a correction, sliding more than 10% from its high. the 30-year treasury yield hit its highest since july 2007. warsh reiterated the fed's commitment to 2% inflation, but doubleline's jeffrey gundlach said rate hikes are necessary to get there. the dissent signals a hawkish lean, though some economists still expect a cut next march.

why it matters: the most fed dissent since 2016 raises odds of a hike, pressuring stocks and bonds as inflation remains the priority.

source: cnbc_topnews
sentiment: -0.20 · impact: 0.85

Surprise fall in US jobs last month as slow summer continues

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China is gaining ground in AI. But the U.S. still has a major advantage

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US strikes $1.2bn deal to pay German firm to halt offshore wind projects

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects