FOMC Meeting

Cryptocurrency bettors now estimate a 50% possibility that the Federal Reserve will cut interest rates for the first time in 2025 during its September meeting. What happened: As of this writing, the odds of a 25 basis point cut were at 50% on the decentralized prediction platform Polymarket. On the...

The U.S. economy is not in need of a substantial rate cut to maintain its growth, according to Carl Weinberg, Chief Economist at High Frequency Economics. What Happened: Weinberg discussed the state of the U.S. economy and the Federal Reserve’s monetary policy decisions, in a recent...

President Trump talks about Bitcoin and he and some other politicians call for a strategic Bitcoin reserve. Plus, we have another week of tech stock obliteration. It’s not that earnings were bad; but rather, that expectations and valuations were so high. Intel (NASDAQ: INTC) is the exception...

To gain an edge, this is what you need to know today. Samsung Overtakes Apple Please click here for an enlarged chart of 20+ year iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT). Note the following: The chart shows that bonds have fallen this year. The chart shows that bonds are consolidating in...

Goldman Sachs has moved its prediction for the first Federal Reserve interest rate cut from March to May. This adjustment comes in the wake of the January Federal Open Market Committee (FOMC) meeting, which was marked by Fed Chair Jerome Powell‘s apparent unwavering stance on monetary policy...

Editor’s note: This story has been updated with additional details from Fed Chair Jerome Powell’s press conference. The Federal Reserve announced on Wednesday that interest rates will remain unchanged, meeting market expectations and signaling a pause in policy tightening. Yet the Fed...

It’s a volatile day on Wall Street as tech stocks reacted to disappointing quarterly earnings ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting. What Happened: In the lead-up to the FOMC meeting — scheduled for 2:00 p.m. ET on Wednesday, Jan. 31 — the tech-heavy...

The collective market value of America’s tech behemoths—often referred to as the “Magnificent Seven”—witnessed a staggering $300 billion evaporation in the first hour of trading on Wednesday. The group, comprising tech titans such as Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NYSE...

It’s Fed day, with investors on edge as they anxiously await the first Federal Open Market Committee (FOMC) meeting of 2024. While the decision itself is practically a done deal, with the Fed widely expected to maintain interest rates in the 5.25% to 5.50% range, all eyes are on the nuances...

Traders are adopting a more cautious stance toward the stock market on Tuesday as they await the earnings reports of major tech companies and the Federal Reserve Open Market Committee meeting scheduled for Wednesday. Both the S&P 500 and the Nasdaq 100 were in the red around noon in New York...

To gain an edge, this is what you need to know today. The Fed’s Problem Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Note the following: The chart shows that the stock market has had a significant rally since the beginning of November. The chart shows...

Valuation Comeuppance Some additional chickens came home to roost this week. The first leg of the 10% correction from the late July peak was led by cyclicals, next up was defensives and this week tech and related sectors were taken to the woodshed despite generally favorable earnings. The bear...

To gain an edge, this is what you need to know today. Dot Plot Please click here for the Fed’s prior dot plot. Note the following: The FOMC meeting is starting today. Tomorrow, the Fed will announce its decision at 2pm ET followed by Powell’s press conference at 2:30pm...

After a week of data-driven rollercoaster rides, all eyes are now firmly fixed on the upcoming Sept. 20 Federal Open Market Committee (FOMC) meeting. The FOMC is anticipated to maintain rates in the range of 5.25% to 5.5% during its September meeting, pushing the first rate cut further down the...

This week witnessed a flurry of economic data and market-shaping events ahead of the crucialSept. 20 FOMC meeting. Inflation Surges, Driven By Gas In August, the annual inflation rate in the United States saw its second consecutive increase, reaching 3.7%. This was a notable uptick from July’...