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U.S. Federal Reserve raises rates by a quarter of a percent

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1 year ago

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This is the highest level that interest rates have gone to, in the U.S, in 16 years

The U.S. Federal Reserve has opted to raise interest rates by 25 basis points.

This is the highest level that interest rates have gone to, in the U.S, in 16 years.

Fed Chair Jerome Powell did signal this could the final rise for some time, as the central bank wants to give officials time to assess the impact it may have on inflation.

“If you add up all the tightening that’s going on through various channels, we feel like we’re getting close or are maybe even there,” Powell said.

Powell also touched on the the fallout from recent bank failures, and the resilience of the system over the past few months.

He also spoke about the impending issue of the U.S. defaulting in June, if Congress doesn’t raise the debt ceiling.

“No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he said.

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What to expect for IPO markets

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8 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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3 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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