The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but hinted that it could soon reduce the size of its rate hikes.
The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year — a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession....
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Anchor Apologizes for Getting Duped by Twitter Layoff Trolls“They got me, and that is on me,” CNBC's Deirdre Bosa confessed on Monday after falsely reporting on Twitter layoffs based off two trolls posing as fired employees outside HQ last week. Ligma Credibility
Source: thedailybeast - 🏆 307. / 63 Read more »
Pro Picks: Watch all of Monday's big stock calls on CNBCA recap of Monday's best stock picks on CNBC.
Source: CNBC - 🏆 12. / 72 Read more »
CNBC Pro Talks: Hedge fund manager Dan Niles bought Meta shares. Here's his strategy for tech namesThe Satori Fund founder Dan Niles shares his macro analysis of the large-cap tech sector, when he thinks the market will hit the bottom, and which names he thinks are poised to rebound going into 2023.
Source: CNBC - 🏆 12. / 72 Read more »
Elon Musk brings Tesla engineers to Twitter who use entirely different programming language - AutoblogSources who worked at Twitter prior to Musk's acquisition told CNBC the Tesla engineers are reviewing existing code despite their lack of experience. That's why Tesla autopilot failed so many times? 😅 Lol
Source: therealautoblog - 🏆 528. / 51 Read more »
Elon Musk enlists Tesla, Boring Co., Neuralink employees for Twitter takeover - AutoblogThe majority of Tesla employees enlisted to work at Twitter were software engineers from the Autopilot team, CNBC reported, citing documents.
Source: therealautoblog - 🏆 528. / 51 Read more »
Elon Musk is bringing at least 50 engineers from Tesla to Twitter. Most have little to no experience designing social networks and use an entirely different programming language altogether, report says.New Twitter owner Elon Musk is bringing engineers from his other businesses to work on the social network. Tesla engineers have little experience designing for social media and use a different programming language, CNBC reported. Big oof, this is a big bad Boomer article if I ever saw one Great now I have to experience all the bugs I have on my Tesla on my witted acc too Why would they run code review on a working platform? Sure fixing bugs is not the first priority for what we know about Musk plans towards twitter.
Source: YahooNews - 🏆 380. / 59 Read more »