The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point.
The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May.
The central bank points to two more hikes, which would bring the 2018 total to four increases.
美股收市|新iPhone傳擬納谷歌AI Alphabet升5% 納指漲0.8% 道指升75點 – 香港經濟日報 – 即時新聞頻道 – 即市財經 – 股市
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市場對人工智能(AI)的樂觀情緒升溫,AI發展大落後的蘋果(美︰AAPL)及Google傳出合作。蘋果據報正與Google談判將Gemini人工智能模型嵌入iPhone,為AI功能提供支持。消息刺激大
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19 minutes ago
No surprise there, with the increasing CPI, PPI, CPE over the past few months...
ReplyDeleteSo will be target of 2.5% by Dec 2018.
From dot plot, looks like 3.25% by end-2019 and 3.5% by end-2020.
2-10 yield curve now flattest since 2007 ... less than 40 bps hoho!
But relax ... haven't invert yet.
I'll be surprise if stocks don't make higher highs this year and maybe next year too. Huat harr!!! :)