Whether it’s more government spending or an interest rate cut, Goldman Sachs is expecting a range of policy support in China — and has stock picks for each policy.
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Goldman says Beijing is stepping up support for businesses — and names stocks that will get a boost
Finance
Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’
Key Points Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues. The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting. “The things that have […]
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Finance
Here’s what changed in the new Fed statement
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in […]
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Finance
Kalshi bettors see Powell staying on as Fed governor after chair term ends
Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source
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