Fed Governor Waller urges caution for now, says rate cuts possible later in the year

Fed Governor Waller urges caution for now, says rate cuts possible later in the year


Key Points
  • Federal Reserve Governor Christopher Waller on Friday expressed caution about current conditions but still sees the opportunity for interest rate cuts as the year goes on.
  • In a CNBC interview, the policymaker said “if things go reasonably well and the labor market continues to be weak, I would start advocating again for cutting the policy rate later this year.”



Source

Stocks making the biggest moves after hours: Intel, SAP, Boyd Gaming, MaxLinear and more
Finance

Stocks making the biggest moves after hours: Intel, SAP, Boyd Gaming, MaxLinear and more

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 […]

Read More
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’
Finance

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

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 […]

Read More
Stocks making the biggest moves midday: Texas Instruments, United Rentals, Wex, Penn Entertainment & more
Finance

Stocks making the biggest moves midday: Texas Instruments, United Rentals, Wex, Penn Entertainment & more

Check out the companies making the biggest moves midday: Texas Instruments — The semiconductor stock soared 19% after the company forecast that its current-quarter earnings would come in the range of $1.77 to $2.05 per share, versus the $1.57 consensus, according to LSEG. Similarly, it sees its revenue coming in between $5 billion to $5.4 […]

Read More