Author: Tommy P
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Fed Raises target rate by 25bps to 4.75-5%
On March 22, the Federal Reserve hiked its benchmark interest rate by another 25 basis points. You can follow the historical rate on Investors Hub. The Federal Reserve uses a benchmark interest rate called the Federal Funds Rate, which is the interest rate at which banks lend money to each other overnight. When the Federal…
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NVDA: Set for a pullback?
Nvidia Corporation (NASDAQ:NVDA) is a semiconductor company that has gained a reputation as a leader in the graphics processing unit (GPU) market. The company’s stock has been on a steady rise, with the price on a rampage in March 2023 on the back of all the AI euphoria. However, despite the upward trend, there are…
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Fed Raises target rate by 25bps to 4.75-5%
On March 22, the Federal Reserve hiked its benchmark interest rate by another 25 basis points. You can follow the historical rate on Investors Hub. The Federal Reserve uses a benchmark interest rate called the Federal Funds Rate, which is the interest rate at which banks lend money to each other overnight. When the Federal…
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Market Moves: Deutsche Bank shares slide, intensify contagion worries; SPY -0.63%
Deutsche Bank (XE:DBK) shares fell over 10% on Friday after a big spike in credit default swaps. In the US, banks were impacted by the news causing more contagion fears, despite Janet Yellen’s comments that they have tools to fight against it. FedWatch now predicting no rate hike at the next FOMC Meeting on May…