Investors seemingly have no problem with the Federal Reserve’s messaging that it would continue to aggressively fight decades-high inflation.
they had no problem with the central bank’s messaging that it would continue to aggressively fight decades-high inflation.
Among investors, however, attention focused on what comes next. They honed in on comments from Powell during his press conference, which seemed to indicate that the central bank could start to go easier as the US economy slows down.Powell emphasized that the Fed is moving away from forward guidance, or when it plainly telegraphs to the market what it plans to do next.
Not so fast: Okay, so Wall Street has decided it doesn’t actually have a problem with a more chilled-out Fed after all, which could theoretically boost expectations for corporate earnings down the line. But debate is now raging about whether that was actually the correct read of Powell’s remarks. “I do not think the US is currently in a recession and the reason is there are just too many areas of the economy that are performing too well,” he said, adding that the GDP report should be taken “with a grain of salt.”After years of rapid growth, Facebook’s near-term trajectory is clear. The social media giantThe latest: Parent company Meta reported revenue of $28.
The company is doubling down on content recommended by artificial intelligence, which has been one TikTok’s greatest strengths. Zuckerberg said around 15% of content on Facebook feeds — and slightly more on Instagram — is now surfaced by algorithms from accounts that users don’t follow. It expects those numbers to more than double by the end of next year.
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