So, Matt, before we let you go, I noticed that prior to STRIVE, you spent 15 years at CalPERS, one of the state's biggest pension funds, where you manage actively managed fixed income portfolios. That's a pretty dramatic portfolio to go from the staid world of fixed income to the Wild West of crypto. How did you make that move.It actually was the reason I became a Bitcoin in the first place. I was managing a large portfolio of U.S. Treasuries. I was probably one of the largest buyers of U.S. Treasuries in t ...

In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate. With downside risks to employment having increased in recent months, the balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another st ...

At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point 2 to 3 and three quarters to 4%. Conditions in the labor market appear to be gradually cooling and inflation remains somewhat elevated. The shutdown of the federal government will weigh on economic activity while it persists, but these effects should reverse after the shutdown ends.If you were to see data that suggests that the labor market is strengthening or even that it's stabilizi ...

Inflation & Employment Risks - Near-term inflation risks are tilted to the upside, while employment risks lean towards the downside [1] - Navigating the tension between employment and inflation goals presents a challenging situation with no risk-free policy path [1] Monetary Policy Stance - The framework emphasizes a balanced approach in promoting both sides of the dual mandate [2] - Downside risks to employment have increased in recent months, shifting the balance of risks [2] - The company judged it appropriate to take another step toward a more neutral policy stance [2] - The company remains well-positioned to respond in a timely way to potential economic developments [3] - The appropriate stance of monetary policy will be determined based on incoming data, the evolving outlook, and the balance of risks [3] - The committee continues to face two-sided risks in its discussions [3] Future Policy Decisions - Strongly differing views exist about how to proceed in December [4] - A further reduction in the policy rate at the December meeting is not a foregone conclusion [4] - Policy is not on a pre-set course [4]

$629 billion in assets under adisement about 11 billion worth of Nvidia shares in your fund. Margie, uh your reaction to this company being the world's first $5 trillion market value company. >> Well, it really shows us this uh representation of this huge sea change in technology which is artificial intelligence and uh certainly it's the leader.It's way ahead, but honestly it's like a tsunami. There's one big wave and then there's wave after wave after wave and we really don't know if we're even near the pe ...

A divided Fed cuts their benchmark lending rate by a quarter percentage point and says they are going to end QT December 1st. There are two descents as policy makers reset the target range to 3 and 3/4 and 4%. No surprise Steven Myron descents in favor of a 50 basis point cut as President Trump wants and Kansas City Fed President Jeffrey Schmidt desents on the other side in favor of no move. the Fed's administered rates for interest on reserves and the primary credit rate mechanically decreased by a quarter ...

Just she ready reaction to this call in that dissent. I don't think it was at all surprising. The two dissents could have been a bit more interesting.I think Myron could have gone for 75 basis points. After all, he wanted 50 last time. So there's 25 that he's owed, plus another 50 this time.That would have been fun. And Schmitt, where was he last meeting. Where was he last meeting.Now, you've had more evidence that the labour market is feeling a bit sponge year and inflation's not as much of a threat as we ...

JOE: COUNTING DOWN TO THE FED AND MEETING OF THE MINDS. WE APPROACH THE FED’S INTEREST RATES AND PRESIDENT TRUMP MEETING WITH PRESIDENT XI. WE WILL GET AN UPDATE FROM SOUTH KOREA AS HE MAX HAS WAY THROUGH THE SUMMIT AND WE WILL HAVE A MECHANICAL PANEL AND BY THE TIME THIS HOUR IS DONE WE WILL HAVE SPECIAL COVERAGE ON WASHINGTON.WE HAVE THE LATEST ON THE TRADE AS WE GET SET FOR AN INTEREST RATE CUT. >> YOU ARE RIGHT ON THAT. ONE HOUR FROM NOW WE HAVE YOU COVERED ON BLOOMBERG TELEVISION AND RADIO WITH MICHAEL ...

With that Fed decision. Here's Mike McKay. A divided Fed cuts their benchmark lending rate by a quarter percentage point and says they are going to end cut December 1st.There are two dissents as policymakers reset the target range to three, three quarters and 4%. No surprise, Steven Byron dissents in favor of a 50 basis point cut as President Trump wants. And Kansas City Fed President Jeffrey Schmitt dissents on the other side in favor of no move.The Fed's administered rates for interest on reserves and the ...

ON THURSDAY THE PRESIDENT OF THE UNITED STATES AND THE CHINESE LEADER MEETING. PLUS, MORE TECH EARNINGS. APPLE AND AMAZON.LET'S STICK WITH TECH. NVIDIA ON TRACK TO BECOME THE FIRST FIVE TRILLION DOLLARS COMPANY AS PRESIDENT DONALD TRUMP FUELS HOPES OF BLACKWELL CHIP SALES IN CHINA. JAY GOLDBERG OF SEAPORT HOLDS THE SOLE SALE -- SELL RATING ON NVIDIA WITH A $100 PRICE TARGET, SAYING THERE IS A LOT MORE THAT CAN GO WRONG WITH NVIDIA THEN CAN GO RIGHT.WELCOME BACK TO THE PROGRAM. 73 BUYS. SIX HOLDS.YOURSELF. W ...