The Fed is expected to raise interest rates for the first time in 3 years
Federal Reserve Chairman Kevin Warsh and his colleagues are widely expected to raise their benchmark interest rate Wednesday, in an effort to tamp down demand and bring prices under control.
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The Federal Reserve is widely expected to raise interest rates Wednesday,
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Read MoreA Fed rate hike will grab headlines today, but these 3 storylines hold the bigger clues for investors
The time has finally come for the Fed to adjust interest rates — or so the market says.
Investors are pricing in more-than-90% odds of a quarter-point increase when the central bank announces its decision at 2 p.m. ET. Meanwhile, the 10-year Treasury yield has pushed above 5%, its highest level since 2007 — a reminder that the bond market is not waiting for the Fed to make borrowing more expensive.
Read MoreFed meeting updates: The FOMC is likely on the verge of its first interest rate hike in 3 years
Good morning, and welcome to Fed Day! With stubborn inflation and volatile global oil prices, Fed chair Warsh must decide which side of the central bank’s dual mandate feels most urgent: stable prices or maximum employment.
A rate hike could help temper inflation, making basic goods more affordable for consumers and helping to steady the economy.
Read MoreThe Stock Market Is Sending a Rare Historical Warning. Warren Buffett Says Investors Should Make This 1 Move.
After years of seemingly unstoppable growth, major market indexes have faltered. The S&P 500 (SNPINDEX: ^GSPC), Dow Jones Industrial Average (DJINDICES: ^DJI), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all slipped into the red over the last month, each down between 1% and 2%, as of this writing.
There’s no shortage of reasons why the market is struggling.
Warren Buffett’s Succession Triggers Search for His Spiritual Successors
Warren Buffett’s step back from Berkshire forces a harder question: which public companies actually run his playbook, and how close do any of them get to the real thing?Quick ReadBerkshire’s Q2 operating earnings surged to $13 billion as it turned net buyer of stocks for the first time in three years, deploying $23.5 billion.Warrior Met Coal’s revenue exploded 71% year over year and free cash flow swung from negative $57 million to positive $103 million after Blue Creek came online.St.
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Read MoreThe Burst
Market Commentary: Roku, The Future of Streaming
Roku (NASDAQ: ROKU) has been on a growth tear in recent years, with revenue and active accounts growing rapidly. Indeed over the past 5 years, through thick and thin economically, the company has grown its top line. This growth has been driven by the increasing popularity of streaming services, as well as Roku’s strong brand and user experience.
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Read MoreThe Ivy
The Next Trillion Dollar Company Is…
What company in the United States generates revenues and profits that rivals big tech companies but is valued at less than half of most of them? The answer turns out to be Warren Buffett’s Berkshire Hathaway.
Last quarter alone, Berkshire Hathaway generated an astonishing $89 billion in revenues and reported $17 billion in operating income.
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