From Trade War to AI War On January 29, US Commerce Secretary Howard Lutnick remarked on DeepSeek using Nvidia’s chips during his confirmation hearing, saying, “Nvidia’s chips, which they bought…
Tag: Economics
Core PCE Holds at 2.8%—Will Sticky Inflation Delay Fed Rate Cuts?
More Information in our Economic Calendar.PCE Inflation Remains Above Target The PCE price index—a key measure of inflation—rose 0.3% in December from the prior month. Excluding food and energy, core…
Nasdaq 100: Apple Falls 1.6% After Hours as iPhone Sales Miss Raises Concerns
How Did Apple’s Key Segments Perform? The tech giant reported earnings per share of $2.40, surpassing analyst expectations of $2.35. Revenue came in at $124.30 billion, slightly ahead of the…
Fed Leaves Interest Rates Unchanged, In Line With Analyst Expectations
The central bank will continue to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities. According to the Fed, the risks to achieving its employment and inflation…