Austan Goolsbee

Fed Chair Jay Powell Abandons Assurances on Rate Cuts, Predicts Longer Timeline for Inflation Target

by
Fed Chair Jay Powell Abandons Assurances on Rate Cuts, Predicts Longer Timeline for Inflation Target

The Road to Achieving Confidence Months of assurances from Federal Reserve Chair Jay Powell about rate cuts in 2024 were abruptly abandoned last week. Powell openly acknowledged that it is likely to take longer than expected for the Federal Reserve to achieve its desired level of confidence in the economy. This significant shift in stance … Read more

Stocks making significant moves after hours: Robinhood and Lyft surprise with strong earnings and revenue beat

by
Stocks making significant moves after hours: Robinhood and Lyft surprise with strong earnings and revenue beat

Stocks making the biggest moves after hours Published 28 Mins Ago Robinhood Markets Shares of Robinhood Markets, the popular trading platform, surged 9.5% in after-hours trading following the revelation of their surprise earnings and revenue beat. The company reported earnings per share of 3 cents, surpassing analyst estimates of 1 cent per share loss, as … Read more