Stocks were slightly higher in afternoon trading Wednesday as investors prepared for a Federal Reserve announcement on interest rates and earnings reports from major technology companies. https://t.co/TfFI24FOjz ...

BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged. ...

BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 4.25% - 4.50%. ...

RT Bloomberg Opinion (@opinion)LIVE NOW: President Trump wants the Fed to lower interest rates now. He’ll likely be disappointed today, but will Powell hint at cuts around the corner?🎥 Tune in as @CandyZach7 joins @Claudia_Sahm and @AllisonSchrager LIVE to discuss https://t.co/VrIJWN8ERR ...

JUST IN: 🇺🇸 97% chance Jerome Powell does not cut interest rates at today's FOMC meeting https://t.co/BOzPAo7T4d ...

Federal Reserve (The Fed) & Interest Rates - The biggest public misunderstanding about the Fed is the idea that lower interest rates are a reward for good economic behavior, rather than a tool to manage the economy [1][2][3] - The economy is confusing, with mixed signals from unemployment and inflation indicators, making a strong case for a rate move difficult [4][5] - There's no clear case for the Fed to move rates, and anyone confident about the correct move isn't paying attention [5] - The Fed's "transitory" inflation call was conceptually correct but numerically off, and criticisms of the Fed being behind the curve were wrong [7][8][9] - Politicizing the Fed is a clear intention, with potential for "Turkey-style" economic policy if political constraints were absent [13] Trade & Tariffs - The long-term effect of Trump's tariffs is estimated to reduce GDP by 04%, which is significant but not catastrophic [18][19] - Markets may be correctly concluding that the trade situation will settle down into a world of high tariffs, leading to a slightly poorer economy but not a depression [20][21] AI & Technology - AI, or rather large language models, are not truly "thinking" but statistically predicting responses based on existing knowledge [24][25] - Significant job displacement due to AI is possible, as many jobs don't require deep thinking [25] - It's possible to believe that some AI stock prices are in a bubble while also acknowledging that AI is a seriously important new technology [23]

Treasury Secretary Scott Bessent said he’s not expecting the Federal Reserve to cut interest rates Wednesday, while calling on the central bank to be more open going forward in their approach toward policymaking https://t.co/tkxoDV6wbL ...

The sky is blue.Watcher.Guru (@WatcherGuru):JUST IN: 🇺🇸 Treasury Secretary Bessent says he is not expecting the Federal Reserve to cut interest rates today. https://t.co/OiMuqvisrL ...

Monetary Policy - Federal Reserve Chairman Jerome Powell is giving a press conference update on interest rates [1] - President Donald Trump has pushed Powell to lower rates [1] - The aim of lowering rates is to boost the U S economy [1]

Interest Rate & Economy - President Trump suggested the Federal Reserve should lower interest rates following a 3% GDP growth, arguing there's no inflation and it would help people buy or refinance homes [1] - The real estate industry benefits from lower interest rates [2][7] - There's a debate on whether interest rates should be lowered, considering inflation is currently under control [3][4] - The impact of tariffs on inflation remains a mystery, as predicted price increases haven't materialized [5] Real Estate Market - Outside of New York City, rents are down in many places due to overbuilding, especially in the Southeast and Southwest [6] - Lower interest rates would help increase the supply of housing, making it more affordable for consumers [8] - LFrack organization is actively developing in Jersey City (with 20,000 people living there) and Miami (projected 5,000 apartments) [13] - Unlocking 40,000 to 50,000 rent-stabilized apartments could immediately make rents more affordable in New York City [16] Political & Policy - There's discussion about the potential impact of a socialist mayor on New York City, a center of capitalism [14] - Trump's negotiation style involves starting at a high point to make the best deal [11]