Analyst: The Federal Reserve May Keep Interest Rates Unchanged Throughout the Summer
According to ChainCatcher, Paul Eitelman, an analyst at Russell Investments, stated in a report that given the impact of tariffs and geopolitical risks, the Federal Reserve may keep interest rates unchanged throughout the summer.
The global chief investment strategist said, "Federal Reserve Chair Jerome Powell is likely to remain vigilant about the risks posed by tariffs and emerging conflicts in the Middle East." He noted that the Fed sees tariffs as a downside risk to the economy, but this weakness has not yet appeared in the data, while inflation remains stable. Eitelman said, "We expect one, possibly two, rate cuts before the end of this year."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.
On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.
Updated: CoreWeave Raises Revenue Forecasts, AI Demand Unfazed by Growing Doubts
TransUnion EVP Venkat Achanta reports sale of $2.36 million in common shares
Crypto prices
More
