The long-awaited interest rate cut is finally here and what a cut it was! - a 50 basis point cut that took the market slightly by surprise.
The decision lowers the federal funds rate to a range between 4.75% - 5%. In addition to this reduction, the committee's dot plot shows the equivalent of 50 more basis points of cuts by year-end, another full percentage point in cuts by the end of 2025 and a half point in 2026. In all, the Fed's dot ...

MACRO
Fed Says US Banks Tightened Credit Further in Wake of Failures
The Federal Reserve said that banks reported tighter standards and continued weak demand for loans in the second quarter, extending a trend that began before recent stresses in the banking sector emerged.
The proportion of US banks tightening terms on commercial and industrial loans for medium and large businesses rose to 50.8%, up from 46% in the...

[Rewards] AMD missed Q3 estimates but still owned the solid 29% revenue growth
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KEY Figures:
● Total 22Q3 revenue of AMD was $5,565 million, representing an increase of 29% YoY and a decrease of 15% QoQ.
● Non-GAAP net income was $1,095 million, representing an increase of 23% YoY and a decrease of 35.9% QoQ.
● According to AMD, the Client segment revenue decreas...