Here’s what changed in the new Fed statement

Here’s what changed in the new Fed statement


This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on May 4.

Text removed from the May 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.



Source

Stocks making the biggest moves after hours: Hims & Hers, Gitlab, Cleanspark, Webtoon Entertainment & more
Finance

Stocks making the biggest moves after hours: Hims & Hers, Gitlab, Cleanspark, Webtoon Entertainment & more

Check out the companies making headlines after the bell : Hims & Hers Health — Shares dropped more than 6% after the telehealth company guided for adjusted EBITDA in its current quarter of between $35 million to $55 million. Analysts polled by LSEG were expecting $70 million. Aecom — The infrastructure consulting stock added 2% […]

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Series of court decisions weaken Democrats’ odds of winning the House
Finance

Series of court decisions weaken Democrats’ odds of winning the House

Key Points Odds that the party wins control of the lower chamber have fallen to 75% from 85.3% on April 28.  While Democrats are still favored to win control of the House, the odds they do it are at their lowest level since late December. Source

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JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount
Finance

JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

Key Points JPMorgan-led lenders cut FS KKR Capital’s credit facility by roughly $648 million, or 14%, while raising borrowing costs. FS KKR reported deepening losses and announced a $300 million support package from KKR for the troubled BDC days after the credit-line amendment. The fund, known by its ticker FSK, reported roughly $560 million in […]

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