Markets' hopes for Fed interest rate cuts are rapidly fading away
As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.

As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.
Shantanu Narayen led Adobe through a transition to subscription software, and he's been positioning the company to grow in the artificial intelligence age.
The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.
OpenAI CEO Sam Altman met with a handful of lawmakers in Washington, D.C., to discuss the company's work with the Defense Department.
The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.
The Supreme Court in a 6-3 ruling Feb. 20 ruled that President Donald Trumps IEEPA tariffs were illegal.
Palantir CEO Alex Karp sat down exclusively with CNBC to discuss the Iran war and how AI is being used in wartime.
Though the war in Iran has continued for almost two weeks, the price of the yellow metal has barely moved.
Rajesh Jha helped Microsoft bring to market an artificial intelligence assistant containing OpenAI models for its Office productivity customers.
Ulta Beauty reported fiscal fourth-quarter earnings Thursday that beat Wall Street revenue expectations but missed on earnings per share.
The Senate passed the bill 89-10, but House lawmakers say more changes are needed before it could go to President Donald Trump's desk.
Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.
Advocates of the voter-ID bill have pressed the Senate for months to call a vote on the controversial legislation.
The WNBA season is set to kick off Friday, May 8, and the draft is scheduled for April 13.
The newly created account was busy posting on Thursday, its first day being active on the X social media platform.
The EV company is aiming to hit that target through market expansion into midsize vehicles, robotaxis and new counties, specifically in Europe.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Leonardo said Thursday that it is on "a path of strong growth," as defense companies see opportunities in the wars in Iran and Ukraine.
Sen. Tillis vows to vote against sending Kevin Warsh's nomination as Federal Reserve chair to the full Senate as a criminal probe of Jerome Powell is pending.
Experts say the global turmoil may have even helped demand for rare collectibles, as the wealthy search for safe, long-term stores of value.
Amid geopolitical turmoil, the Federal Reserve is widely expected to keep interest rates unchanged at its March meeting.
High inflation and slow growth present a double threat, as measures like interest rate cuts and government spending only aggravate inflation.
A network of millions of Americans who offer services like making deliveries or providing rideshare services are feeling the effects of rising gas prices.
"This is not meant to be punitive," Michael told CNBC's "Squawk Box."