Bloomberg This Weekend | Major Change at the Fed, Immigration Reform, FIFA Scraps Investment Plan

Monetary Policy and Federal Reserve - Federal Reserve held interest rates steady for the fifth consecutive meeting with a 9-3 vote [12][266] - Federal Reserve Chair Kevin Warsh reportedly considered reducing the number of FOMC meetings from the current schedule [12][13] Corporate Earnings and Market Trends - S&P 500 overall earnings were expected to grow by 50% compared to a year prior [29] - Bank sector earnings expectations rose to 22% growth, while oil companies related to the Middle East conflict saw earnings growth well over 100% [30][31] - Elon Musk's wealth peaked at 1.3 trillion dollars on June 16 and later stood at 684 billion dollars on the Bloomberg Billionaires Index [185][186] Geopolitics and International Trade - Spain reported 68,000 migrants crossed into its North African territory of Ceuta from neighboring Morocco in a span of about 24 hours [115] - FIFA President Gianni Infantino abandoned plans to create a commercial entity and open the World Cup to outside investors following strong opposition [189]