FT News Briefing The Fed ignores Trump’s calls to cut rates
12 snips
Jan 30, 2025 Big Tech is making waves with impressive earnings, yet concerns linger over future revenue. The Federal Reserve holds steady on interest rates, resisting pressure from Trump, emphasizing its independence. Meanwhile, Syria is seeking reparations from Russia, adding to geopolitical tensions. Activist short-selling is on the decline, raising questions about market dynamics and integrity. Dive into the financial landscape as these stories unfold!
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Meta's Success with AI
- Meta's income jumped by almost 50% last quarter, exceeding expectations.
- Their strategic focus on AI for targeted ads and recommendations is proving successful.
Fed Holds Rates Steady
- The Federal Reserve held interest rates steady, marking the first time since July without a cut.
- This decision, influenced by sustained economic strength and elevated inflation, contrasts with President Trump's preference for lower rates.
Trump's Disagreement with the Fed
- President Trump prefers lower interest rates, contrasting with the Fed's current stance.
- Trump believes the Fed's actions have contributed to price pressures.