Markets Dive After the Fed Holds Steady
Summary
The Federal Reserve held interest rates steady despite three officials voting for a hike, sparking a sharp stock market sell-off amid inflation concerns. Dr. Anthony Fauci invoked the Fifth Amendment over 100 times during a contentious Senate hearing regarding his pandemic-era actions. Additionally, startup Jet Zero secured up to $3 billion in loans to build a radical blended-wing aircraft, while Microsoft and Meta reported mixed earnings results.
Topics discussed
Intro: ReliaQuest ad and show headlines
Fed holds rates steady; three officials vote for hike
Stocks fall sharply on inflation concerns
Fauci invokes Fifth Amendment over 100 times at hearing
Ad: David Booth's book 'Stay Calm'
Jet Zero's manta ray plane design and $3B loan
P&G soft outlook and big tech earnings
Meta revenue record but cash flow concerns
Outro and Medline advertisement
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