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Fed Rate Cut in March in Doubt; High Tech Earnings Continue
On today's podcast:
- Federal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they’ll cut this year as inflation pressures fade.
- US megacap earnings are back in focus, with Apple Inc., Amazon.com Inc. and Meta Platforms Inc. all due to release results
- In an unscripted scene during tense testimony Wednesday, Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg stood before a packed Senate hearing room and apologized directly to the families of children who were victims of sexual exploitation on social media platforms.
- New York Community Bancorp may have its credit rating cut to junk by Moody’s Investors Service as the firm stockpiles money to cover troubled loans and spends more to fund operations.
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