Hlib Chabaniuk

Half of FOMC members foresee a rate hike, Gary Black confirms

Half of FOMC members foresee a rate hike, Gary Black confirms
FOMC members split on rate hike outlook

Gary Black, managing partner and investor at The Future Fund, clarifies that 9 of 18 FOMC members expect at least one quarter-point rate hike this year while the other 9 anticipate no move or a cut. Federal Reserve Chair Kevin Warsh confirmed during the press conference that he did not submit his own dot in order to signal his intent to de-emphasize forward guidance.

Black has previously commented on custom AI chip developments, noting that AVGO and MRVL shares gained as Wall Street renewed interest in the sector. He also highlighted the SPCX IPO opening at $150 and rising to $164 after its debut. These updates reflect Black’s continued focus on major market events.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.