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- Fed hikes base rate by 25 bps to 5.25% - 5.50%, as Powell says future hikes are uncertain
Fed hikes base rate by 25 bps to 5.25% - 5.50%, as Powell says future hikes are uncertain
Bay Area Times
July 27, 2023
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Top stories today:
1. Fed hikes base rate by 25 bps to 5.25% - 5.50%
2. Anthropic, Google, Microsoft, OpenAI form self-regulatory body
3. Meta revenue was +11% to $32.0B in Q2, metaverse losses at $3.7B
4. Tesla owners love the car, but worry about Elon
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Fed hikes base rate by 25 bps to 5.25% - 5.50%, as Powell says future hikes are uncertain
The +25 bps was in line with expectations:
