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Lack of Inflation, Global Weakness Lead Fed to Stand Pat on Rates

June 25, 2023
in Trade Tube
Reading Time: 1 min read
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The doves were flying as the Federal Reserve stays put on interest rates. Federal Reserve Chairwoman Janet Yellen cited the lack of inflation and global economic weakness as reasons they made no change in interest rate policy. There has been on interest rate hike for 9 years and some on Wall Street say that’s abnormal. Apple (AAPL) customers are reporting their devices are crashing after downloading IOS 9. Twitter (TWTR) and other social media were awash with disgruntled customers reporting two distinct faults, with one appearing to be linked to older models of the Apple iPhones and iPads. The problem was likely caused by overloaded servers that were flooded when too many people tries to download the update at once, according to tech analysts. Comcast (CMCSA) will change its practices and pay $33 million after revealing customers’ data. This move is to resolve allegations that it illegally posted online personal information of customers who had paid for unlisted service.

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