To The Moon

Alibaba's cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develo

Chip Somodevilla The target is 2% inflation over time Here is the key sentence from the June FOMC meeting statement: In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. But what is the most important part in this statement that gives the clue about future monetary policy?It's bolded - it's "over-time". The Fed aims to return inflation to 2% over time. What does it mean?It means that the Fed could decide to pause the interest rate hiking cycle with core CPI inflation still elevated at 4.8%, if the conditions are set for inflation to fall to 2% over time. This is essentially what the soft-landing crowd is expecting - the Fed will pause after the July hike to 5.35%, despite the fact that core inflation remains elevated at

U.S. stock index futures rose on Friday, the final trading session of the second quarter, ahead of key inflation data that could influence investor expectations on how long the Federal Reserve will ma

July ranks as a top month for the S&P 500 over the past 10 years, with a 3.3% average gain, according to the Carson GroupJuly has seen the strongest average performance for stocks over the last decade