The Fed's family fight
The Fed held interest rates steady, but three officials broke ranks and voted for a hike, delivering the "family fight" Chair Kevin Warsh said he wanted. Meanwhile, oil prices climbed after fresh U.S. strikes on Iranian targets. And Big Tech earnings split investors, with Meta and Qualcomm disappointing while Microsoft impressed.
Today’s recommended read: The world's $1.8 quadrillion balance sheet has a simmering problem by Mike Dolan
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The skinny
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