Stocks slide, dollar gains on hot U.S. inflation data
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
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JPMorgan Expects Fed's Powell To Reiterate Likelihood of 50bp Move in July Along with Downplay Potential for September Pause
June 13, 2022 8:04 AM EDTJPMorgan analyst Michael Feroli comments "At the conclusion of next weeks FOMC meeting we, and nearly everyone, expect that the Committee will raise the target range for the funds rate by 50bp to 1.25-1.5%. Since this has already been well telegraphed, the more interesting development will be what the updated interest rate forecast dots say about the path beyond June. In March the median FOMC participant projected a 22 year-end funds rate of 1.875%; we expect that next week this figure will be revised up to 2.625%. We expect that the... More
