Summary of key points from the Federal Reserve’s FOMC meeting
Inflation is still high and is expected to fall only once this year but four times in 2025. CPI data Inflation and Economic Outlook - Inflation has slowed materially but remains too high. Data so far this year is not enough to support a rate cut and more data is needed to boost confidence. - U.S. GDP growth is expected to be 2.1% this year and 2.0% in the next two years. - The labor market has returned to pre-pandemic levels and the strong performance is expected to continue, but the job market is cooling. - If the PCE inflation rate reaches 2.6%-2.7%, it will be a good level. - May CPI data performed well, but the impact on the risk balance needs to be observed. Monetary Policy and Interest Rates - The federal funds rate target range remains unchanged at 5.25%-5.50%. - The me
$Apple(AAPL)$ ChatGPT is integrated into iOS, which is very unwise. I have been using this software since chatgpt2. At that time, the software was still very silly and often made mistakes, but it has been iterated several times. The cleverness is far beyond our imagination, you can use it to get any information you want, it will query any information currently exist on the Internet in the form of data, and you can even summarize it for you according to your search habits, and it will further explain what you don't understand. When this clever thing is not in the form of hardware or software, but relies on the network or operating system to integrate into the mobile phone, then the center of all your information will
$ProShares UltraPro Short QQQ(SQQQ)$ $First Solar(FSLR)$$NASDAQ(.IXIC)$ $DJIA(.DJI)$ First Solar (FSLR) is the world's largest thin-film photovoltaic solar module manufacturer and the largest module maker in the Western Hemisphere. The company specializes in producing solar modules using Cadmium Telluride (CdTe) technology. As of the end of 2022, FSLR had a module production capacity of 9.8GW and plans to reach over 20GW of total capacity by 2025. FSLR sells to utilities, independent power producers, commercial and industrial companies, and government agencies. The US is
Will Oil Prices Continue to Drop or Rebound? The global oil market has always been a focal point of economic discussions due to its profound impact on various sectors. Recently, oil prices have experienced significant fluctuations, prompting analysts and industry stakeholders to ponder whether prices will continue to drop or rebound. This article explores the key factors influencing oil prices and provides insights into potential future trends. Recent Trends in Oil Prices In recent months, oil prices have seen a downward trend. Several factors have contributed to this decline, including: 1. **Global Economic Slowdown**: The global economy has been facing headwinds, including inflation, rising interest rates, and geopolitical tensions. These factors have collectively dampened economic growt
$Avangrid(AGR)$$ProShares UltraPro Short QQQ(SQQQ)$ $ProShares UltraPro QQQ(TQQQ)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$ Avangrid, Inc., is an energy services holding company based in the United States. Avangrid operates in approximately 24 states through eight electric and natural gas utilities and 9.4 gigawatts (“GW”) of electricity capacity (91% renewables predominantly onshore wind capacity, 2% peaking generator, 7% Klamath cogeneration). It has two business segments :1) Networks segment (87% of operating revenue)
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$ProShares UltraPro QQQ(TQQQ)$ $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Semiconductor Bull 3X Shares(SOXL)$ share prices gapped up and closed higher in last trading session. This is a sign of strength. Gap up is when a stock's opening price is higher than the previous day's closing price. Gap down is when it's lower than the last day's closing price. Gap up signals is a bullish sentiment and indicates strong buying interest. Gap down signals is a bearish sent
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.