Kevin Warsh made a strong first impression. The new chair of the Federal Reserve took the helm this summer and has since announced plans to overhaul the central bank’s approach to economic data and communications.
Wednesday’s decision is the first in months in which there’s uncertainty about what the central bank will do.
SpaceX (SPCX) stock came back under pressure on Wednesday, reversing yesterday’s bounce, as a broader market and tech sell-off adds to investor caution ahead of SpaceX’s first earnings report.
Shares were down nearly 3%, giving back Tuesday’s rebound. SpaceX has now shed nearly 30% from its $150 market debut last month and is down roughly 50% from its all-time high of $225.64.
» Read more about: SpaceX stock back under pressure as Q2 earnings approach »
The Federal Reserve is at an inflection point in its yearslong campaign against elevated inflation. On Wednesday, officials will decide whether to raise interest rates to tame price pressures or keep them unchanged as they wait and see what happens with the economy. Rates are currently set in a range of 3.5 to 3.75 percent.
» Read more about: What to Watch at the Federal Reserve’s July Meeting »
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action — not this week anyway.
Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged.
Federal Reserve Chair Kevin Warsh is expected to provide fresh clues on the direction of U.S. monetary policy on Wednesday afternoon following the Federal Open Market Committee’s (FOMC) latest interest rate decision.
Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to congress,
US stocks are under pressure at the open this Wednesday, as an ongoing tech sell-off meets growing concerns about inflation and higher borrowing costs. Results from tech giants Meta and Microsoft are due after the bell, amid concerns about the industry’s massive bets on AI. Before that, the Federal Reserve, increasingly concerned about inflation,
Cryptocurrency exchange Binance is now offering gold (TVC: $GOLD) and silver (TVC: $SILVER) options trading on its …
» Read more about: Binance Offers Gold And Silver Options Trading »
This article adheres to strict editorial standards. Some or all links may be monetized.For most investors, nearly $400 billion in cash (1) would seem like a missed opportunity. But for Warren Buffett and Berkshire Hathaway, it’s a deliberate strategy.The conglomerate is now sitting on a record $397 billion in cash, cash equivalents and short-term U.S.
SK Hynix stock faced pressure as Q2 revenue missed Street expectations. Eos Energy shares hit a 52-week low after CEO Joe Mastrangelo sold 159,154 shares. Oklo shares fell to a yearly low of $37.80 as investors scaled back exposure to advanced nuclear companies. SK Hynix Inc. (SKHY), Eos Energy Enterprises (EOSE) and Oklo Inc. (OKLO) tumbled to fresh 52-week lows as investors reassessed high-growth companies tied to artificial intelligence and next-generation energy infrastructure.
» Read more about: Why Did SKHY, EOSE, OKLO Stocks Plunge To 52-Week Lows Today? »
When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images Eight times a year, a group of 19 bankers, finance experts and economists gather for a two-day confab in an elegant cream- and-gold boardroom about a mile from the White House. After they’re done analyzing the outlook for inflation and employment,