US stocks staged a strong rebound overnight after Fed Chair Jerome Powell hinted that tightening could slow ahead. After yesterday’s 75bps hike, federal funds rate is now at 2.25-2.50%, close to the 2.5% neutral rate. Read more…
Summary The FOMC raised rates by 75 bps at today’s meeting, which was widely expected. All 12 voting members of the Committee supported the decision to hike rates by 75 bps. Inflation remains forefront in Read more…
Tycoon’s social media empire faces many challenges including fierce competition from TikTok. Mark Zuckerberg’s plate is full. His Meta Platforms (META) – Get Meta Platforms Inc. Report empire, which includes the social networks and messaging apps Read more…
The CEO of Tesla is the richest man in the world with an estimated fortune of $233 billion. Elon Musk uses his influence to sway public opinion and does not hide it. The billionaire and Read more…
As we noted in our FOMC preview report, the market had already fully “priced in” a 75bps (0.75%) rate hike from the Federal Reserve, with only an outside chance at a full 100bps (1.00%) move, Read more…
The move to a broadly neutral stance and the circumstances the US economy faces are increasingly leading the FOMC to take a more balanced view of the risks regarding inflation and activity. The July FOMC Read more…
The Federal Reserve Open Market Committee (FOMC) lifted the federal funds rate to the 2.25% to 2.50% range and will continue its balance sheet runoff. The Fed updated its language to reflect recent economic data, Read more…
Prices have fallen steadily over the past month across the country, and in some locations by enough to qualify for a significant milestone. Gasoline prices have been falling steadily for the past six weeks or Read more…
Most top investment firms expect better returns from international stocks than U.S. stocks during the next decade. Legendary economist John Maynard Keynes once said that investing in stocks is like judging how other people are Read more…
The metaverse is the future of social media giant Meta Platforms, says the billionaire. And yet… If there’s one thing Mark Zuckerberg’s critics admire about him, it’s that he’s tenacious. For almost a year now Read more…