The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2 to hold rates at a target range between 3.75 to 4.00 per cent, citing the need for more data in the fight against inflation, after having hiked for the first time in three years at its previous meeting in September. “The accumulation of more information will...
With the CNBC Investing Club portfolio now down to 31 positions, we are working on new ideas to add to our Bullpen list of stocks to watch. One new idea we have is SpaceX , which Elon Musk founded in 2002. The tech giant went public in June.
