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.
Follow along with Federal Reserve Chair Jerome Powell’s press conference here.
Check out the companies making headlines in after-hours trading. Block — Payment company Block announced on Thursday that it’s letting go of more than 4,000 employees, or about half of its headcount, leading shares to pop 24% in extended trading. Monster Beverage — Shares of the energy drink maker dropped about 3%. Monster Beverage’s fourth-quarter […]
Read More
Key Points MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus. The facility, dubbed “10X,” will use rare earth raw materials that have been sourced and processed at MP Materials’ Mountain Pass mine in California. Mountain Pass is the only commercial-scale rare earths mine in the U.S. The […]
Read More
Check out the companies making the biggest moves in the premarket: J.M. Smucker — The food stock popped 7% on better-than-expected fiscal third-quarter results. Smucker earned $2.38 per share, excluding certain items, on revenue of $2.34 billion. Analysts polled by FactSet expected a profit of $2.27 per share on revenue of $2.32 billion. Qnity — […]
Read More
