Wall Street closes down sharply after Fed holds rates unchanged
Wall Street ended sharply lower on Wednesday (Jul 29) after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11 per cent drop from its June record high. The Fed's widely
Fed Expected to Hold Rates, But Warsh Could Shock the Street
The Fed is expected to hold interest rates steady when it concludes its two-day meeting today. But Wall Street still says there's a 35% chance Chairman Kevin Warsh could shock markets and hike rates. Bloomberg's Michael McKee has more on what to watch for. (Source: Bloomberg)
Forget rate cuts: Wall Street is obsessing over the wrong Fed decision
Periods of structural change don’t reward leaders who react the fastest. They reward leaders who think the most clearly. During times of extraordinary uncertainty, calibrated, data-driven thinking is not hesitation. It is leadership. The greatest risk during periods of structural change isn’t uncertainty itself. It is
