The Fed is expected to raise interest rates by three-quarters of a point Wednesday and then signal it will reduce the size of rate hikes starting in December.
Thursday November 03 2022 |
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Many are hoping for a "step-down" in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023. More » |
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| Twitter employees expect a 50% reduction in force, as Elon Musk scrambles to improve margins at the social network he just acquired for $44 billion. |
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| The British pound is on firmer footing since the appointment of PM Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months. |
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| Russia said Wednesday that it will resume its participation in the Black Sea grain initiative, a deal with Ukraine to enable vital agricultural exports. |
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| More than 65% of S&P 500 companies that have reported results have seen cuts to price targets. Only 13 stocks saw meaningful upward revisions with potential upside. |
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TODAY'S GUEST HIGHLIGHTS ON CNBC |
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| | DECISION TIME
Chief Economist
Barclays
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| | Head of Global Aggregate FIxed Income Strategy
J.P. Morgan Asset Management
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