Fed Minutes Show Majority Ready to Hike if Iran War Keeps Inflation Elevated
Heightened Disagreement Over Policy Direction At the meeting, the FOMC voted to keep its benchmark federal funds rate target unchanged at 3.5%-3.75%. However, there were four “no” votes, the most since 1992, signaling an elevated level of disagreement about the...
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U.S. stock futures dip as Nvidia earnings and Iran tensions weigh on sentiment
S&P 500 Futures fell 0.4% to 7,399.50 points, while Nasdaq 100 Futures slipped 0.6% to 28,936.75 points by 02:10 ET (06:10 GMT). Dow Jones Futures traded 0.3% lower at 49,638.0 points. Tech sector under pressure ahead of Nvidia earnings In...
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Kevin Warsh Confirmed as New Federal Reserve Chair
Warsh’s confirmation followed a Senate vote on Wednesday, one day after the Republican-majority chamber approved his appointment to the Fed’s seven-member Board of Governors. The 56-year-old lawyer and financier will take over leadership when Powell’s term as chair ends on...
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Asian Stocks Rally as Japan Hits Record High on U.S.-Iran Peace Hopes
Japan Leads Regional Gains Japanese markets were the standout performers, with the Nikkei 225 surging nearly 6% to a record high of 62,958.0 points. The broader TOPIX index added 3.4%. The rally came as Japanese markets reopened in catch-up trade...
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AMD Surges After AI-Driven Earnings Beat and Bullish Outlook
AI and Data Center Demand Power Results AMD shares jumped about 17% in pre-market trading on Wednesday after CEO Lisa Su emphasized the growing importance of the firm’s server and data center operations. Su stated on the post-earnings call that...
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