Markets react to Fed and big tech earnings [Video]
|The Fed maintained rates unchanged at yesterday’s decision and Chair Powell spoke of “clear improvement” in the US outlook and a ‘steadying’ job market, hinting that the rate cuts are not on the menu for a few more months. But we know that AI investment is what’s driving a part of the economic strength and it’s not necessarily creating jobs – on a net basis.
Speaking of which, Meta, Microsoft and Tesla reported earnings after the bell. All pledged to invest more in AI. But the market reaction was not the same for all!
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