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Fed holds rates steady as war in Iran clouds outlook The Washington PostHere's what changed in the new Fed statement CNBCFed Won't Dismiss Oil-Price Shock. What It Means for Interest Rates. Barron'sLive Updates: Federal Reserve Leaves Interest Rates Unchanged The New York Times'Nobody knows': Oil price shock leaves Fed uncertain about the economy
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US national debt surges past $39 trillion just weeks into war in Iran AP NewsOpinion | The nation's accelerating self-assassination The Washington PostAmerica's $38 trillion debt crisis is already here. The reckoning comes next FortuneThe Federal Spending Spree Will Make the Next Economic Shock Even Worse Reason MagazineU.S. is headed for a debt spiral at this ra
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The energy crisis is going to hit you in your 401(k) as well as in your gas tank if Jerome Powell is right.
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Why Global Energy Shock Could Leave China Stronger Than Ever Crude Oil Prices Today | OilPrice.comChina cannot escape the energy shock The EconomistThe Iran war is causing oil prices to soar - can China withstand it? BBCChina's Hormuz Problem Foreign Policy
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US intel official says Iran's regime still intact but refuses to discuss talks with Trump about war AP NewsUS intel chief Gabbard says Iran was not rebuilding enrichment prior to war Al JazeeraWhat's a Threat? Gabbard Says It's Up to Trump, on Iran and Elsewhere. The New York TimesTakeaways from intelligence officials' testimony amid war with Iran CNN
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Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates CNBCDow slides nearly 800 points after Fed meeting amid oil inflation USA TodayStock market today: Dow, S&P 500, Nasdaq slide as Federal Reserve holds rates steady Yahoo FinanceFed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJ
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Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend.
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Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as "chair pro tem" if his successor Kevin Warsh is not confirmed by mid-May when Powell's term expires.
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US bank told clients that European stocks exposed to private credit had 30 per cent ‘downside risk'
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Disney CEO Changeover: Josh D'Amaro Says Disney Will Be ‘Digital Centerpiece' for Growth as Bob Iger Delivers Farewell Address: ‘It Has Meant More to Me Than I Can Say' VarietyDisney embarks on new chapter as Josh D'Amaro takes over as CEO CNBCDisney Annual Shareholders Meeting: New CEO Josh D'Amaro Speaks to Company's Next Chapter of Creativity, Innovation, and Connection The Walt Disney CompanyDisney Will Become "Digital Centerpiece" of Company, Including Experiences and Games The Hollywood Reporter
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Nvidia's DLSS 5 is the (glossy) subject of memes and backlash from gamers AP NewsNVIDIA DLSS 5 Delivers AI-Powered Breakthrough In Visual Fidelity For Games NVIDIAJensen Huang says gamers are 'completely wrong' about DLSS 5 — Nvidia CEO responds to DLSS 5 backlash Tom's HardwareNvidia's new DLSS 5 Brings Photo-Realistic Lighting To RTX 50-Series Digital Foundry
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Gabbard tells senators Iranian regime is degraded but still intact The Washington PostWhat's a Threat? Gabbard Says It's Up to Trump, on Iran and Elsewhere. The New York TimesTakeaways from intelligence officials' testimony amid war with Iran CNNUS intel chief Gabbard says Iran was not rebuilding enrichment prior to war Al Jazeera
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Qatar reports ‘extensive damage' on site of world's largest LNG plant Ras Laffan after Iran strikes
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Netflix is in a better position to raise subscription prices now that it is out from under the shadow of M&A and regulatory scrutiny, Citi analyst Jason Bazinet says
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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Trump temporarily waives the Jones Act to try to lower gasoline prices. Will it work? NPRTrump waives U.S. shipping law for 60 days to steady oil market CNBCU.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York TimesOil prices spiral again as White House moves make little impact The Washington PostTrump waives shipping law as gasoline prices soar Axios
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Federal Reserve Chair Jerome Powell is due to speak Wednesday on the economy and interest rates for the time since the start of the Iran conflict.
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The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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Fed meeting live updates: FOMC holds rates steady as oil prices soar Business InsiderFed keeps rates on hold, signals one rate cut as Iran war stokes uncertainty AxiosWhat to Watch at the Federal Reserve's March Meeting The New York TimesExpectations for the next Fed rate cut get pushed back after hot inflation report CNBC
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See how the central bank's interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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After slipping margins, the Canadian-American Retailer is looking reclaim full-price sales in style
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?Asset management chief points to continent's financing needs and more stringent regulation to protect from mis-selling
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Delta soothes investor fears over the effect of rising oil prices by raising revenue guidance, and the stock surges.
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Uber and Nvidia aim to launch autonomous ride-hailing in up to 28 cities in less than two years.
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CEO Ed Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million fuel hit in the quarter, but that demand has been "really, really great."
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Warsh faces a potential buzzsaw in the form of a Hobson's choice between fighting inflation and supporting the labor market.
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Brent crude reached its highest price since Russia invaded Ukraine in 2022. Gasoline prices in the U.S. are expected to continue to rise.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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