This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October.
Text removed from the October statement is in red with a horizontal line through the middle.
Text appearing for the first time in the new statement is in red and underlined.
Black text appears in both statements.
Watch Fed Chair Jerome Powell’s press conference here.
Key Points Foreign automakers have seen sales slump by up to two-thirds in the world’s largest car market since the pandemic. U.S., Korean and German brands rushed to announce a new lineup of models at the Beijing auto show, incorporating Chinese technology in a bid to win back buyers. Up to 15 cars are launched […]
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Check out the companies making headlines after the bell : Intel — Shares soared 15% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on […]
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Key Points In a social media video filmed outside Ken Griffin’s residence, New York City Mayor Zohran Mamdani unveiled a new pied-à-terre tax. Citadel denounced the mayor’s move with Chief Operating Officer Gerald Beeson saying in an internal memo that targeting Griffin showed “ignorance and disdain” toward contributors to the city’s economy. “It is shameful […]
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