promy

  U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small piece of wording that could unlock the future of monetary policy. In its post-meeting statement, the central bank is expected give an important hint about interest rate moves to come by removing a clause from previous statements that reads: “In determining the extent of any additional policy firming that may be appropriate to return inflation to 2 percent over time,” followed by an outlining of conditions it assesses. For the past year-plus, the wording has underlined the Fed’s willingness to keep raising interest rates until it reaches its inflation goal. Remove that clause and it opens the door to potential rate cuts ahead; keep it and policymakers will be sending a signal that they’re not sure what’s to come. The diffe

  A slogan related to Artificial Intelligence (AI) is displayed on a screen in Intel pavilion, during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here . What you need to know today Stocks make weekly gains The  S&P 500  and  Nasdaq Composite  finished Friday slightly lower,  ending a six-day winning streak . The blue-chip  Dow  bucked the trend, climbing 0.16%. Despite the mixed session, all three indexes finished higher on the week, thanks to encouraging economic data. The core personal consumption expenditures price index, the Fed’s favored inflation gauge, increased 0.2% in December bolstering investor confidence a day after  fourth quarter GDP rose  more than expected. Tech layoffs