The Fed decision, Micron earnings, Amazon's USPS contract and more in Morning Squawk
Fed holds rates steady amid inflation concerns.
The Federal Reserve decided to keep interest rates unchanged during its recent meeting, but Chair Jerome Powell expressed concerns that inflation has not decreased as anticipated. This news, combined with a significant rise in oil prices following Iranian strikes, has led to a drop in stock futures. Additionally, Micron reported a nearly tripled quarterly revenue but saw its shares decline as investors took profits after a substantial increase in stock price.
Key Takeaways
- 1.
The Federal Reserve kept interest rates unchanged but warned about rising inflation expectations.
- 2.
Micron's quarterly revenue nearly tripled year-over-year, but shares fell over 5% after a significant run-up.
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