Markets Dive After the Fed Holds Steady
Summary
The Federal Reserve kept interest rates steady despite three officials voting for a hike, sparking market volatility over inflation concerns. Dr. Anthony Fauci invoked the Fifth Amendment over 100 times during a contentious Senate hearing regarding his pandemic-era conduct. Additionally, startup Jet Zero secured up to $3 billion in loans to build a radical, manta ray-shaped blended wing aircraft. Finally, Procter & Gamble issued a soft outlook, while Microsoft and Meta reported mixed earnings results.
Topics discussed
ReliaQuest sponsorship and intro
Federal Reserve holds rates steady amid inflation concerns
Stock market reaction to Fed decision
Dr. Fauci invokes Fifth Amendment at Senate hearing
ReliaQuest sponsorship break
Jet Zero's radical manta ray plane design
P&G outlook and big tech earnings
Show credits and closing
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