Here’s the Fed’s new rate forecast that’s moving the markets
The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast that called for three reductions.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting.
10 U.S. metro areas where rent increased the most over the last 5 years—and one that actually got cheaper
CNBC Make It analyzed rent estimate data from Apartment List for April 2019 to April 2024, filtering metro areas by those with at least 500,000 residents.
Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates
Central bank policymakers kept rates steady, as expected. They also noted that there has been “modest” progress on inflation.
Dollar and euro trade halted on Russia’s biggest exchange due to new U.S. sanctions
The Moscow Exchange, Russia’s leading financial marketplace, will halt trading in dollars and euros after new U.S. sanctions.
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
Roaring Kitty might be pondering on what to do with his massive options position against GameStop and he could have some tough choices to make.
Tesla could get special duties as part of higher China EV tariffs, EU says
Tesla “may receive an individually calculated duty rate,” the European Commission said, as part of its decision to raise tariffs on Chinese electric vehicles.
German next-generation chip firm bags $274 million in funding as Europe ramps up semiconductor push
Black Semiconductor, a startup creating next-generation chip technology, said it raised 254.4 million euros (US$274 million), mainly from public funding.
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.
Hungary agrees not to veto NATO’s deepening support for Ukraine in exchange for nonparticipation
Hungary agreed not to veto NATO military support for Ukraine in exchange for not participating in these efforts.
