CNBC.com's News Now: What the Fed Said

Click here to view today's top stories on your mobile device. Wednesday, Jul. 15, 2009     DOW 8616.21 256.72 +3.07%   NASDAQ 1862.9 63.17 +3.51%   S&P 932.68 26.84 +2.96%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Fed Sees Economy Improving But Joblessness at Over 10% The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent, according to a forecast contained in the latest Fed minutes... »read more CIT, Regulators Near Decision On Aid for Troubled Lender Federal regulators are nearing a decision on aiding troubled lender CIT Group, CNBC has learned, and a resolution is expected in the next 24 hours... »read more American Express Sees Lower-Than-Expected Defaults American Express said on Wednesday that U.S. credit card defaults grew less-than-expected in the second quarter and could be lower-than-estimated in the second half, after a surprising drop in June for the first time in a year... »read more TODAY'S TOP 5 VIDEOS 1. What the Fed Said  Officials see recession end 'before long', with CNBC's Hampton Pearson. 2. Chanos & Hedge Fund Regulation  Hedge funds are heading to Capitol Hill today, with James Chanos, Coalition of Private Investment and CNBC's Erin Burnett. 3. Under Armour Looks to Recharge  CNBC's Darren Rovell takes a look at one of the most interesting innovations that's about to hit stores in what is still a challenging retail environment. 4. Obamacare, Round 1  President Barack Obama discusses his plan to reform healthcare. 5. Stop Trading, Listen to Cramer!  Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.       TODAY'S TOP BLOG   Under Armour's New Recovery Suit Under Armour [UA 21.72 0.27 (+1.26%) ] has made a living out of growing niche markets into big industries. But I was shocked when I was flipping through a catalogue last week and saw an ad for Recharge.»read more »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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