Federal Open Market Committee press conference: Live coverage
- Key insight: The Federal Open Market Committee is broadly expected to raise interest rates this week in response to persistently high inflation.
- Expert quote: “By declining forward guidance, and without a reaction function to stress the conditionality around the decision, equivocating might sound like unwillingness to hike further,
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Read MoreFederal Reserve weighs interest rate hike as inflation and energy costs rise
The Federal Reserve is set to announce a closely watched interest rate decision Wednesday as policymakers confront rising inflation and higher energy costs.
(NBC)- The Federal Reserve is set to announce a closely watched interest rate decision Wednesday as policymakers confront rising inflation and higher energy costs.
» Read more about: Federal Reserve weighs interest rate hike as inflation and energy costs rise »
Read MoreFederal Reserve expected to announce interest rate increase – live
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Federal Reserve expected to announce first interest rate increase in three years
Good afternoon. The US Federal Reserve is widely expected to raise interest rates for the first time since 2023 amid persistently high inflation.
After deciding to hold rates steady at its last meeting in July,
» Read more about: Federal Reserve expected to announce interest rate increase – live »
Read MoreThe Fed Is Hiking Rates. Tom Lee Says That’s Actually Good News for Stocks.
TLDR
- Fundstrat’s Tom Lee says the S&P 500 could top 8,200 by year-end, driven by AI and tech stocks
- Yardeni Research cut its year-end target to 7,900 from 8,400 and raised bearish odds to 30%
- 10-year U.S. Treasury yields crossed 5% this week,
» Read more about: The Fed Is Hiking Rates. Tom Lee Says That’s Actually Good News for Stocks. »
Read MoreThe Federal Reserve Is Fighting the Wrong War On Inflation
The Federal Reserve raised interest rates this week, pushing the federal funds rate to a range of 3.75 to 4 percent. That decision will not produce more oil, reopen disrupted shipping lanes or remove tariffs that are raising production costs. It can, however, weaken investment,
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Read MoreThe Burst
Market Commentary: The Meteoric Rise of Eli Lilly
Did you know that Eli Lilly and other pharmaceutical companies have sold approximately 10.6 million shots of obesity drug doses in the U.S. in a single month? The rise of these injectable weight loss medications is so powerful that it’s causing investors to question the future of even staple food and beverage stocks.
While this aspect alone could secure Eli Lilly as the pharmaceutical golden goose you’ve been looking for there is much more than meets the eye.
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Read MoreThe Ivy
1 Under-the-Radar Small Cap Set To Pop?
Applied Optoelectronics (NASDAQ: AAOI) isn’t well known and why would it be trading at less than a half a billion dollars in valuation. But it has seen a surge recently in insider buying as those in-the-know seem to be betting on future prospects.
This small-cap company has positioned itself as a critical supplier to major data center operators and telecommunications firms,
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