03:43:48
The Saudi Crown Prince says they are getting closer to normalizing relations with Israel every day and that if Iran has a nuclear bomb, Saudi Arabia will get one too.
03:41:42
"New Bond King" Gundlach: The economy is likely to slow down rapidly in the next 4-6 months. It is expected that interest rates will not be raised in November and the unemployment rate will rise. In the short term, Treasury bonds are very attractive.
03:36:33
The Nasdaq 100 index fell more than 1% to its lowest level since August 28.
03:34:07
Bolivian President: We will continue to exist as a mining and natural gas explorer.
03:34:04
Bolivia’s President: We want to advance lithium development as quickly as possible to meet global demand.
03:34:02
Bolivia’s President: We are willing to establish lithium partnerships with companies from around the world under the right conditions.
03:27:47
"New Bond King" Gundlach: This is one of the best Fed decisions in a while. I think waiting to raise interest rates is the right decision.
03:27:39
After Federal Reserve Chairman Powell concluded his press conference, the S&P 500 fell 0.4% and the Nasdaq fell 0.88%, recovering slightly after hitting its lowest point of the session. Star technology stocks generally fell, with Intel (INTC.O) falling more than 3%, Alphabet (GOOG.O, GOOGL.O) falling more than 2%, and Microsoft (MSFT.O) and Apple (AAPL.O) falling more than 1%.
03:26:08
Olu Sonola, head of U.S. economics at Fitch Ratings: The Fed has raised its forecast for economic growth and lowered its forecast for the unemployment rate in 2024. This message clearly shows that the Fed has raised their expectations for a soft landing, although Interest rates will remain higher for longer.
03:24:56
Federal Reserve Chairman Powell: The biggest wage increases are in low-income jobs.
03:24:41
Fed Chairman Powell: Surveys show people are dissatisfied with the U.S. economy.
03:24:22
Fed Chairman Powell: According to most indicators, we see that real wage growth is now positive.
03:23:06
Fed Chairman Powell: When we raise interest rates, people who live on borrowing will feel it more strongly.
03:20:11
Fed Chairman Powell: There are many possible explanations for stronger-than-expected GDP.
03:19:32
Fed Chairman Powell: Household and corporate balance sheets are stronger than expected.
03:19:26
Fed Chairman Powell: The Fed has the ability to proceed with caution as we move forward.
03:18:28
Fed Chairman Powell: An economic recession caused by rising interest rates is "always a concern."
03:17:56
Fed Chairman Powell: Our primary concern is restoring price stability.
03:17:54
Fed Chairman Powell: If the economy performs stronger than expected, it means we will have to do more to reduce inflation.
03:12:05
Fed Chairman Powell: We tend to ignore short-term fluctuations in energy prices.