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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.