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Viktor Orbán, Europe's chief disrupter, discusses his motivations as the Prime Minister of Hungary and his alignment with powers like Russia. The podcast also covers Boeing's delayed forecast and their focus on safety after the MAX9 incident. It explores investor optimism and the upcoming report on the cause of the recent plane incident.
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- The US Federal Reserve has decided to maintain its benchmark interest rate, indicating that rate cuts are unlikely in the near future.
- Viktor Orban's refusal to back an EU economic aid plan for Ukraine raises concerns about the EU's ability to handle countries that don't adhere to its values and rule of law.
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Federal Reserve keeps interest rates unchanged
The Federal Reserve has decided to maintain its benchmark interest rate in the range of 5 to 5.25%. Fed Chair Jay Powell indicated that rate cuts are unlikely in the near future, citing the need for further evidence of inflation decline. The news negatively impacted the market, causing Treasury yields to rally and the S&P 500 to decline 1.6%.
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