Raphael Bostic states Fed wants to ‘stay the course’ irrespective of reduced wage gains

Raphael Bostic states Fed wants to ‘stay the course’ irrespective of reduced wage gains


Essential Details
  • Atlanta Fed President Raphael Bostic said Friday that December’s employment report isn’t going to transform his look at on monetary coverage.
  • “We have obtained to remain the system,” he said, including that he expects a further quarter- or 50 percent-issue rate hike when the Fed releases its upcoming final decision on Feb. 1.



Supply

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more
Finance

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more

Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to […]

Read More
Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations
Finance

Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos The fight between Nvidia and one of its loudest naysayers, investor Michael Burry, is escalating. Following the “Big Short” investor’s series of social media posts arguing that the artificial intelligence investment boom is replaying the dotcom bubble from […]

Read More
Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble
Finance

Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos Michael Burry — the investor known for predicting the housing meltdown ahead of 2008 — has turned his attention to one of the market’s most beloved themes: artificial intelligence. Burry recently deregistered his hedge-fund firm, Scion Asset Management, […]

Read More