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Federal Reserve Officials Will Be Speaking Today, U.S. Stocks Open Flat

June 17, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. markets opened flat Wednesday as investors await a speech by Fed Chair Janet Yellen that could signal a rate hike for later this month. ADP said the United States adding 217,000 jobs last month. The solid number could bode well for the Labor Department Jobs Report due Friday and it could also mean the Federal Reserve is getting more likely to raise interest rates at its meeting later this month. Facebook (FB) Founder and CEO Mark Zuckerberg and his wife Dr. Priscella Chan will donate 99% of their Facebook fortune to charity. In a letter to their newborn daughter, Maxima, the couple said they would donate the estimated $45 billion so help fight disease and for personalized education. Meanwhile, Twitter Co-founder Evan Williams donated $47 million to his charitable foundation which has given money to environmental and educational causes.

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