By Neofytos Hadjineofytou
Today the Federal Reserve will announce their decision to increase the current interest rate in the US to 4.75% from 4.5%, This is mainly because of battling and subduing inflation.
Even though the last inflation measurement showed a decrease from 7.1% to 6.5%, this was not enough, the Fed’s target is to bring inflation back to 2%.
The fed will announce their decision today 2 hours before the US markets close! It could cause volatility in the market! On a different note, quarter earnings announcements continue and here are some of today’s releases:
T-Mobile BM EPS 1.18/1.07 Revenue 20.27 /20.7B
Sad news for WestRock
WestRock BM EPS 0.55/0.66 Revenue 4.9 /5.08B
Both Facebook and Met life will release their earnings after the market closes
Meta platforms (Facebook) AM EPS /2.26 Revenue /31.53B
Met Life AM EPS /1.68 Revenue /17.18B
Although Alibaba is schedule to release their earnings today, the company did not specify if it will be before market or after market
Alibaba EPS /16.63 Revenue /246.7B
