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The recent survey also predicts that the federal funds rate will reach 3%-3.25% by the end of next year.

Bookings for all durable goods—items meant to last at least three years—stalled on fewer orders for commercial aircraft.

The first junk-bond issue by the furniture retailer will go toward refinancing looming maturities.

Visa handles more than 60% of debit card transactions in the U.S. and collects more than $7 billion annually in processing fees, a lucrative business that the DOJ alleges Visa protects through illegal, anticompetitive practices.

At future meetings, FOMC policymakers will consider "additional adjustments" to rates based on "incoming data, the evolving outlook, and the balance of risks."

The long-awaited cuts should make it easier for CCC rated companies to access debt capital markets rather than filing for bankruptcy, but some feel high-yield bonds are currently overvalued.

After a 0.9% decline in July, production at U.S. factories, mines, and utilities increased 0.8% in August, exceeding expectations.

After burning through more than $8 billion in the first six months of the year, Boeing now faces a cash squeeze that puts its investment-grade rating at risk.