🏛️ The Fed Isn't Messing Around With...?

Good morning. US stock futures moved higher in Thursday morning trading as investors digested news of the Federal Reserve’s latest policy decision.

📉 Fed tows line on interest rates

📝 Our report: The Federal Reserve just hit the snooze button on interest rates at their latest meeting, sticking to their plan of keeping things steady while noting the lack of progress in getting inflation back to its 2% target. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its two-day policy meeting.

 🔑 Key points:

• In a policy statement, Fed officials said, "In recent months, there has been a lack of further progress towards the committee’s 2% inflation objective."

• Officials also reiterated more clarity in the outlook for inflation returning to target will be needed before cutting rates.

• Fed Chair Jerome Powell also downplayed concerns that the economy may be sliding into a period of "stagflation," which is marked by slow growth and stubbornly high inflation.

💡 So what: The Federal Reserve's decision to maintain steady interest rates in the US reflects the Fed's cautious approach to managing inflationary pressures while ensuring economic stability. Overall, the decision underscores the Fed's commitment to achieving its dual mandate of maximum employment and stable prices while fostering sustainable economic growth.

Thursday - U.S. Trade Deficit

Friday - US Unemployment Rate, Consumer Credit

📈 Ramit Sethi shares his investing roadmap

💸 If you’re an introvert, these 6 negotiation tips might help you!

💰 Reframe the budgeting process to make it easier!

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🚫 FCC bans Chinese companies from certifying equipment

WHAT: Looks like the Federal Communications Commission (FCC) is pulling out the big guns, aiming to keep Huawei, ZTE, and other foreign companies off the wireless equipment certification list over national security worries. The new proposal would permanently prohibit Huawei and other entities on an FCC list of companies posing national security risks "from playing any role in the equipment authorization program while also providing the FCC and its national security partners the necessary tools to safeguard this important process," the agency said.

WHY: FCC Chair Jessica Rosenworcel said in a statement the agency "must ensure that our equipment authorization program and those entrusted with administering it can rise to the challenge posed by persistent and ever-changing security and supply chain threats."

🚪 Walmart shutters health centers across US

WHAT: Walmart just pulled the plug on its grand healthcare clinic adventure, deciding to close shop on all its locations across the U.S. Walmart will close 51 clinic locations across Arkansas, Florida, Georgia, Illinois and Texas, plans that won’t affect the company’s 4,600 pharmacies and more than 3,000 vision centers, the company said in a release.

WHY: Walmart blamed its plans to shutter clinics on a broken business model. In the release, it described the move as “a difficult decision,” but said it couldn’t operate a profitable business because of “the challenging reimbursement environment and escalating operating costs.”

💰 Place your bets!

WHAT: Hold onto your tokens! Dave & Buster’s is rolling out a new perk for loyalty members – now you can bet real money on arcade games with your buddies. The betting function, expected to launch in the next few months, will work through the company’s app.

WHY: Dave & Buster’s, started in 1982, now has more than 222 venues in North America, offering everything from bowling to laser tag, plus virtual reality. The company says it has five million loyalty members and 30 million unique visitors to its locations each year.

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