US stock indexes reached record highs on Wednesday after the Federal Reserve opted to keep interest rates steady and reaffirmed its forecast of three rate cuts for the year ahead. The S&P 500 (^GSPC) climbed 0.8%, closing above 5,200 for the first time at 5,224.62. Similarly, the Dow Jones Industrial...
Wednesday marks the Federal Reserve’s announcement of its policy decision and interest rate forecasts. Rick Rieder of BlackRock notes a shift in investor sentiment regarding potential interest rate cuts, as addressing the last hurdles of inflation proves challenging. During the ongoing two-day policy meeting, Rieder, BlackRock’s Chief Investment Officer of...
The prior collaboration between tech titans Apple Inc. and Alphabet Inc.’s Google has already drawn federal regulatory attention, triggered by a multi-billion dollar search agreement that led to an antitrust lawsuit from the Justice Department. Now, with talks of another alliance, this time concerning Google’s Gemini artificial intelligence engine, concerns...
This week, American investors are gearing up for a pivotal moment as the Federal Reserve reveals its latest interest rate projections. The burning questions revolve around changes in the ‘dot plot’ and how Fed Chair Jerome Powell will address them. With inflation persistently above the 2% target, investors are eager...
A Bank of America strategist is sounding the alarm that the U.S. economy is moving away from a ‘Goldilocks’ scenario to one resembling the stagflation of the 1970s, where inflation persists alongside slowing economic growth. Michael Hartnett emphasizes the importance for investors to take this shift seriously to avoid potential...
Stock futures in the United States were suggesting a steady start on Friday, but worries about lasting inflation were putting a damper on the momentum that had been building since the beginning of the year. What’s happening On Thursday, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all...
