This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
Text removed from the June 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.
Check out the companies making the biggest moves in premarket trading: CVS Health — The stock popped 7% after the drugstore chain reported an earnings and revenue beat for its second quarter. The company also boosted its adjusted profit outlook, now expecting a range of $6.30 to $6.40 per share for fiscal 2025, up from […]
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Key Points China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April. The index for July was 49.3, missing expectations for 49.7 according to a Reuters poll. During a high-level Politburo meeting on Wednesday, China’s top leaders did not signal plans for substantial new stimulus. Source
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Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and […]
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