The New York Times |
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Fed holds rates steady at Warsh’s first meeting.22:38 Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections. Fed Meeting Live Updates: Kevin Warsh to Address U.S. Economy as Fed Holds Interest Rates Steady22:38 Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections. See how the first Fed statement under Warsh evolved.21:30 Interest rates didn’t change, but the language in Fed’s policy statement, which it released alongside its rate decision today, certainly did. Allowing Iran to Charge Fees in Strait of Hormuz Would Set ‘Dangerous Precedent,’ Maersk CEO Says17:25 With the United States and Iran nearing a deal to reopen the Persian Gulf, the mega shipping firm is treading cautiously. Oil Prices Waver as Traders Hope the Strait of Hormuz Will Reopen14:33 Traders are waiting for U.S. and Iranian officials to meet in Switzerland on Friday, when they are expected to sign an initial agreement and being a 60-day cease-fire. SpaceX’s Growing Warchest14:33 Shares in Elon Musk’s SpaceX have been on a tear, giving the rockets and artificial intelligence company financial resources to box out competitors. Prediction Markets’ Next Major Bet: Wall St. Traders14:33 Platforms like Kalshi let millions wager on sports and pop culture. They’re now hoping institutions will use them for big-ticket trading like hedging. Japan Raids Ice Cream Giants in Cartel Investigation13:23 The Fair Trade Commission said that it suspected six leading ice cream manufacturers fixed the prices of popular frozen treats. |
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