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Morning mooers! Ominous thunderstorms roared into Jersey City Thursday May 23rd, while the market hit fresh highs after $NVIDIA (NVDA.US)$ reported Q1 earnings that beat expectations Wednesday, sending the stock up 9%.
The firm showed earnings of $6.12/share compared to expectations of $5.59. Revenue came in at $26B in the quarter,boosted by data center revenue, which made up most of the firm's profit, coming in at $22.5B. ...
The firm showed earnings of $6.12/share compared to expectations of $5.59. Revenue came in at $26B in the quarter,boosted by data center revenue, which made up most of the firm's profit, coming in at $22.5B. ...
![Nvidia Brings the Thunder, Markets Washed Out | Mooers Herd on the Street](http://1500015405.vod2.myqcloud.com/edcaf1cfvodtransca1500015405/c1ea6a631397757888176566952/coverBySnapshot/coverBySnapshot_10_0.jpg)
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![Picture](https://ussnsimg.moomoo.com/sns_client_feed/71757894/20240513/c6f087e82598e918a15ec18bf61444b8.jpg/thumb?area=100&is_public=true)
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FOMC happens Wednesday.
Will the Fed cut?🤔
🤩Key takeaways
The Federal Reserve is expected to leave borrowing costs at a 23-year high of 5.25-5.5 percent, pushing back on investors’ hopes that it’ll be quick to cut interest rates.
Inflation is not slowing as quickly as it once was, with consumer prices rising 3.2 percent in February and hitting a hotter 3.8 percent when excluding food and energy.
Consumers should focus on paying off debt and improving their credit scor...
Will the Fed cut?🤔
🤩Key takeaways
The Federal Reserve is expected to leave borrowing costs at a 23-year high of 5.25-5.5 percent, pushing back on investors’ hopes that it’ll be quick to cut interest rates.
Inflation is not slowing as quickly as it once was, with consumer prices rising 3.2 percent in February and hitting a hotter 3.8 percent when excluding food and energy.
Consumers should focus on paying off debt and improving their credit scor...
![FOMC: To cut or not to cut ?](https://ussnsimg.moomoo.com/sns_client_feed/70040946/20240319/aa3a8c14368f4674afdbe2918a65941c.jpg/thumb?area=100&is_public=true)
![FOMC: To cut or not to cut ?](https://ussnsimg.moomoo.com/sns_client_feed/70040946/20240319/89259b14b05f4d61b0eaf6acd1eebaee.png/thumb?area=100&is_public=true)
![FOMC: To cut or not to cut ?](https://ussnsimg.moomoo.com/sns_client_feed/70040946/20240319/67061a97b7474279a634128a9b04fbcd.gif/thumb?area=100&is_public=true)
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