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'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud warns

KBW CEO Thomas Michaud warns the economy hasn't fully absorbed higher interest rates yet.

The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%

The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6% before 2023 is over.

Fed holds off on rate hike, but says two more are coming later this year

The Federal Reserve on Wednesday released its decision on interest rates.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in May.

Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD & more

These are the stocks posting the largest moves in midday trading.

Stocks making the biggest moves premarket: Toyota, AMD, Shell, United Health and more

These are the stocks posting the largest moves in the premarket.

Here's everything the Federal Reserve is expected to do Wednesday

The Federal Reserve on Wednesday is expected to take a break and let the U.S. economy catch its breath.

Stocks making the biggest moves midday: JD.com, Biogen, Oracle and more

These are some of the stocks posting the largest moves in midday trading.

Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple & more

These are the stocks posting the largest moves in early trading.

A Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion

Artificial intelligence-based video generation platform Synthesia has raised $90 million from investors including Nvidia, the company told CNBC exclusively.

Big banks are talking up generative A.I. — but the risks mean they're not diving in headfirst

Major banks and fintech companies claim to be piling into generative artificial intelligence, but there are lingering fears about potential pitfalls and risks.

Stocks making the biggest moves midday: Carnival, Nasdaq, Oracle, KeyCorp and more

These are the stocks posting the largest moves midday.
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