Wall Street suffers biggest weekly loss since January after hot CPI data
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- Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
- Nvidia forecasts quarterly revenue above estimates, fails to ignite shares
- Oil settles down after choppy session as investors weigh Hormuz talks
- Meta to pay up to $16.68 billion in mass social media settlement
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- Nutanix (NTNX) Tops Q4 EPS by 11c, Beats in Revenue; Offers Q1 Revenue Guidance
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- Wall Street ends higher as tech rebounds before Nvidia results
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JPMorgan Expects Fed's Powell To Reiterate Likelihood of 50bp Move in July Along with Downplay Potential for September Pause
June 13, 2022 8:04 AM EDTJPMorgan analyst Michael Feroli comments "At the conclusion of next weeks FOMC meeting we, and nearly everyone, expect that the Committee will raise the target range for the funds rate by 50bp to 1.25-1.5%. Since this has already been well telegraphed, the more interesting development will be what the updated interest rate forecast dots say about the path beyond June. In March the median FOMC participant projected a 22 year-end funds rate of 1.875%; we expect that next week this figure will be revised up to 2.625%. We expect that the... More
