It's a brand new day, and yet Nvidia investors are asking themselves the same old question: What's it going to take to get this frustrating stock rolling again? If that sounds familiar, well, that's because it is. Not even 24 hours ago, we explored why Nvidia's stock has been stuck in the mud despite a flurry of good news — both this week during its buzzy AI conference called GTC (short for GPU Te...
It's a brand new day, and yet Nvidia investors are asking themselves the same old question: What's it going to take to get this frustrating stock rolling again? If that sounds familiar, well, that's because it is. Not even 24 hours ago, we explored why Nvidia's stock has been stuck in the mud despite a flurry of good news — both this week during its buzzy AI conference called GTC (short for GPU Technology Conference) and over the past few months. Now, we have yet another positive update about Nvidia's business prospects and an important clarification on the company's demand outlook, all for the stock to once again do next to nothing. After moving lower Wednesday morning, shares are up fractionally in afternoon trading. That advance pales in comparison to what we've learned since we published our last Nvidia story. So, our advice remains the same: Stick with the stock, and if you don't own any, this is a great chance to get in. Late Tuesday, CEO Jensen Huang said at a press conference that t he company had restarted manufacturing of a Hopper-generation AI chip, known as the H200, for the Chinese market. Hopper is the predecessor to Nvidia's current Blackwell family of chips. Jensen later told our CNBC colleague Kristina Partsinevelos that Nvidia had clearance from both governments to restart Hopper sales — with Beijing's stamp of approval being the most notable detail. Then, early Wednesday morning, Reuters reported Nvidia was already working on a modified version of its new Groq-infused AI inference chip for the Chinese market. China represents a major growth opportunity for Nvidia, but the company had become locked out of the market due to geopolitical tensions between the world's two largest economies. Starting under former President Joe Biden, the U.S. banned the sale of Nvidia's most cutting-edge chips to China. The company was initially able to sell throttled-back versions of its chips to Chinese customers, but nearly a year ago, the Trump administration curtai...
Nidwalden canton police said the woman was alone in the Titlis Xpress ski gondola when it detached from the cable. The gondola had just left the Trübsee station and was climbing the middle section of the mountain when the accident appears to have happened.
Nidwalden canton police said the woman was alone in the Titlis Xpress ski gondola when it detached from the cable. The gondola had just left the Trübsee station and was climbing the middle section of the mountain when the accident appears to have happened.
Dilok Klaisataporn The Federal Reserve Open Market Committee held its policy rate steady between 3.5% and 3.7% while revising upward its inflation forecast, as an “evolving oil and energy shock has created an elevated sense of uncertainty,” according to Joseph Brusuelas, principal and chief economist at RSM US. The unemployment rate forecast remains at 4.4%, with projections still indicating one 2...
Dilok Klaisataporn The Federal Reserve Open Market Committee held its policy rate steady between 3.5% and 3.7% while revising upward its inflation forecast, as an “evolving oil and energy shock has created an elevated sense of uncertainty,” according to Joseph Brusuelas, principal and chief economist at RSM US. The unemployment rate forecast remains at 4.4%, with projections still indicating one 25 basis point rate cut, which Brusuelas said is “likely to be pushed back to later this year.” The Fed also revised its PCE and Core PCE inflation forecasts to 2.7% for the year. The current energy crisis cascading through the American economy represents a “central banker’s nightmare,” according to the economist, as it creates tension between a shaky labor market and rising inflation. Brusuelas expressed doubt about the Fed’s optimistic outlook, noting he is “somewhat skeptical that the economy will just charge right through this while inflation increases” and grow at the revised 2.4% pace, up from the previous 2.3% forecast. More on Interest Rates Federal Reserve keeps policy on hold for third straight meeting, as expected ECB seen holding rates as inflation risks re-emerge over energy shock Bank of Canada holds policy rate at 2.25% amid uncertainty over Middle East conflict Fed rate cut odds for June, July meetings dip after hot PPI data Brace For 'Sharply Higher Rates' - The FOMC Meeting Preview
Graphics processing units (GPUs) have been the go-to chips for hyperscalers and artificial intelligence (AI) companies in the past three and a half years. That's not surprising, as GPUs pack massive parallel computing power, making them ideal for carrying out vast calculations simultaneously that are needed for AI model training and inference. However, GPUs have been losing ground to another type ...
Graphics processing units (GPUs) have been the go-to chips for hyperscalers and artificial intelligence (AI) companies in the past three and a half years. That's not surprising, as GPUs pack massive parallel computing power, making them ideal for carrying out vast calculations simultaneously that are needed for AI model training and inference. However, GPUs have been losing ground to another type of chip known as application-specific integrated circuits (ASICs). These ASICs, popularly known as custom processors, are designed for specific tasks. As a result, they differ from GPUs, which are general-purpose chips. Since ASICs are custom-made to perform a specific task, they are reportedly 30% to 40% more power-efficient than GPUs while offering better performance. Not surprisingly, custom AI chips are better suited for AI inference applications, which don't require the horsepower needed to train AI models. As a result, TrendForce expects sales of ASICs to increase by 45% in 2026, well above the 16% anticipated increase in GPU shipments. Investors can capitalize on this fast-growing AI niche by investing in shares of Broadcom (AVGO 0.99%) and Marvell Technology (MRVL 2.80%), the two leading players in ASICs. But if you were to invest in one of these two semiconductor stocks right now, which one should you be buying? Broadcom and Marvell Technology both growing at a solid pace The latest results from Broadcom and Marvell, released this month, clearly show that both companies are benefiting nicely from the adoption of custom AI chips in data centers. Marvell reported a 22% year-over-year increase in revenue in its fiscal 2026's fourth quarter (which ended on Jan. 31) to $2.22 billion. Its adjusted earnings increased by an even more impressive 33% to $0.80 per share. Marvell's data center business has received a nice shot in the arm thanks to the adoption of its networking components and custom processors. The company points out that its custom processor revenue doubled i...
Key Points Broadcom and Marvell are sitting on a lucrative opportunity in custom AI chips, which are in high demand. Both of these companies have a strong customer base and expect AI revenue to accelerate. However, the valuation suggests that one of them could be a better buy right now. 10 stocks we like better than Broadcom › Graphics processing units (GPUs) have been the go-to chips for hypersca...
Key Points Broadcom and Marvell are sitting on a lucrative opportunity in custom AI chips, which are in high demand. Both of these companies have a strong customer base and expect AI revenue to accelerate. However, the valuation suggests that one of them could be a better buy right now. 10 stocks we like better than Broadcom › Graphics processing units (GPUs) have been the go-to chips for hyperscalers and artificial intelligence (AI) companies in the past three and a half years. That's not surprising, as GPUs pack massive parallel computing power, making them ideal for carrying out vast calculations simultaneously that are needed for AI model training and inference. However, GPUs have been losing ground to another type of chip known as application-specific integrated circuits (ASICs). These ASICs, popularly known as custom processors, are designed for specific tasks. As a result, they differ from GPUs, which are general-purpose chips. Since ASICs are custom-made to perform a specific task, they are reportedly 30% to 40% more power-efficient than GPUs while offering better performance. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Not surprisingly, custom AI chips are better suited for AI inference applications, which don't require the horsepower needed to train AI models. As a result, TrendForce expects sales of ASICs to increase by 45% in 2026, well above the 16% anticipated increase in GPU shipments. Investors can capitalize on this fast-growing AI niche by investing in shares of Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL), the two leading players in ASICs. But if you were to invest in one of these two semiconductor stocks right now, which one should you be buying? Broadcom and Marvell Technology both growing at a solid pace The latest results from Broadcom and Marvell, relea...
Watch Live: Fed Chair Powell's Penultimate Press Conference Fed Chair Powell may be wishing he had quit a month ago as he faces his penultimate press conference (perhaps) amid a dramatically changing global economic and geopolitical environment. Markets anticipate a "hawkish hold," with Powell reinforcing the statement's "hold" that The Fed is prioritizing caution amid heightened uncertainty . On ...
Watch Live: Fed Chair Powell's Penultimate Press Conference Fed Chair Powell may be wishing he had quit a month ago as he faces his penultimate press conference (perhaps) amid a dramatically changing global economic and geopolitical environment. Markets anticipate a "hawkish hold," with Powell reinforcing the statement's "hold" that The Fed is prioritizing caution amid heightened uncertainty . On the bright side, an activist judge rejected the Trump admin's suit against him - so one reporter is bound to ask him about that (and whether he will stay on as a Governor after his term is up). On the darker side - will the reporters ask all the tough questions about whether inflationary pressures from an oil crisis can be 'looked through' as transitory? Powell is expected, as usual, to emphasize patience, a data-dependent "wait-and-see" approach, and no rush for policy shifts. He'll likely downplay any major pivot, highlight dual-mandate risks (employment vs. price stability), and, as always, avoid concrete commitments on future cuts (or hikes) - now potentially delayed to later in 2026 (e.g., October/December) if at all. Sue Hill, senior portfolio manager and head of government liquidity group at Federated Hermes, said the focus will remain on the Fed’s expectations for inflation and growth given the runup in oil prices. “ While Chair Powell may officially convey that it’s too soon to tell what the impact will be , we’ll see hints of the Fed’s thinking in any revisions to the summary of economic projections and the dot plot.” And we did with the SEP showing higher inflation expectations (despite dots being basically unch)... MUFG’s George Goncalves says this is a “neutral” statement from the FOMC. “The statement tweaks are an attempt at trying to avoid sending any signals while conveying they are on guard for any growth shocks and inflation spillover from the Middle East Conflict.” We would expect much usage of the term: ... "monitoring developments" Watch the full press ...
Bob Michele, JPMorgan Asset Management's global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave interest rates unchanged. (Source: Bloomberg)
Bob Michele, JPMorgan Asset Management's global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave interest rates unchanged. (Source: Bloomberg)
Oselote/iStock via Getty Images Overview When I previously covered the Duff & Phelps Utility and Infrastructure Fund Inc. ( DPG ), I issued a Hold rating due to the fund's efficiency but underperformance against peers. Since my last coverage, the fund has experienced meaningful upside, resulting in a total return greater than 16% that outpaced the S&P 500 ( SP500 ). However, I wanted to revisit DP...
Oselote/iStock via Getty Images Overview When I previously covered the Duff & Phelps Utility and Infrastructure Fund Inc. ( DPG ), I issued a Hold rating due to the fund's efficiency but underperformance against peers. Since my last coverage, the fund has experienced meaningful upside, resulting in a total return greater than 16% that outpaced the S&P 500 ( SP500 ). However, I wanted to revisit DPG and take a more dedicated look at the fund by itself. I believe that the fund has a renewed growth catalyst that can take its share price higher over the next few years. While it may not appear so on the surface level, I believe that DPG is directly aligned to participate in the expansion of the AI market in some capacity. Looking at the performance over the last twelve months, we can see that the share price has appreciated by more than 21%. Most of this increase happened over the last two months, guided by the market's rotation into energy and utility stocks. When including all distributions that were paid out to shareholders, the total return jumps up to nearly 29.2% over the same time frame. Following the price increase, DPG now offers investors a starting dividend yield of 5.7% while issuing those payouts on a monthly basis. Data by YCharts Despite the recent spike in share price, the fund still trades at a great price to NAV valuation. As interest rates remain elevated, this can provide an opportunity for long-term investors to accumulate. I believe that a lower interest rate environment will stimulate faster earnings growth across the infrastructure sector, as we see a faster deployment of data centers. So let's start with a quick review of DPG's strategy. Fund Strategy DPG is a fund that can provide investors with instant diversification across the many sub-sectors of infrastructure. What I like about this is that the portfolio provides us with a way to get exposure to 'real assets', across the areas of the market that provide the essential services that support a...
Rory McIlroy will use one of his mother's favourite dishes among appetisers, that also include elk, when he hosts the traditional champion's dinner before his defence of the Masters next month. The most recent winner at Augusta selects the menu for other past champions at an occasion which takes place in the clubhouse on the Tuesday evening of Masters week. McIlroy's choices include some of his fa...
Rory McIlroy will use one of his mother's favourite dishes among appetisers, that also include elk, when he hosts the traditional champion's dinner before his defence of the Masters next month. The most recent winner at Augusta selects the menu for other past champions at an occasion which takes place in the clubhouse on the Tuesday evening of Masters week. McIlroy's choices include some of his favourite dishes, as well as a reminder from his dramatic 2025 victory, which ended an 11-year wait to complete the career Grand Slam of major titles. "I think it would be pretty presumptuous to have a menu in your head before you actually win the tournament," said the Northern Irishman. "But I always thought about, if I win the Masters one day, what would I want it to look like? What would I like to serve? "I felt this time around, I wanted to do something that I would enjoy, but I wanted to do something that all other champions would enjoy, as well." Before McIlroy and former champions such as Scottie Scheffler, Tiger Woods and Phil Mickelson sit down, they will have a choice of four appetisers. "My Mum does these really, really nice dates stuffed with goat cheese wrapped in bacon, so I put those on the appetisers list. So thanks to Rosie for that one. "In the build-up to the Masters last year, I got this big shipment of elk and I was eating a lot of that, and I didn't want elk to be the main course because I didn't know if everyone would like that. "I incorporated that into the appetisers so I'm doing grilled elk sliders, which I think is fun." There will also be shrimp tempura and Georgia peach and ricotta flatbread with hot honey. The starter is a nod to McIlroy's favourite New York restaurant, Le Bernardin, where the 36-year-old always orders yellowfin tuna carpaccio. "That's a fun one that the club worked with me on," he added. "They went up to the restaurant and worked with the chefs, and made sure. They obviously wanted to get it right for the night."
Getty Images Shares of SL Green ( SLG ) have seen a positive reaction in response to a small divestment, albeit this recovery comes after a tough time recently. Shares of the New York office landlord and developer business peaked in the $100s in the 2000s and 2010s, plummeted to the $20 mark in 2023, recovered to the $80 mark in 2024, and are now cut in half again. While I'm usually attracted to s...
Getty Images Shares of SL Green ( SLG ) have seen a positive reaction in response to a small divestment, albeit this recovery comes after a tough time recently. Shares of the New York office landlord and developer business peaked in the $100s in the 2000s and 2010s, plummeted to the $20 mark in 2023, recovered to the $80 mark in 2024, and are now cut in half again. While I'm usually attracted to setbacks, it's both a very opaque business model and a lack of a real track record that prevent me from getting involved, even as the company is slimming down the balance sheet. While I'm usually attracted to setbacks (something we cover in Value In Corporate Events) , it's both a very opaque business model and a lack of a real track record that prevent me from getting involved. A Small Sale Halfway through March, SL Green announced it would sell the residential and retail component of its 7 Dey Street property in a $222 million deal. The building totals about 260,000 square feet of space, most of which is residential space, complemented by retail space and offices, the latter (at 26,000 square feet) being retained by SL Green. This is a relatively smaller deal in the grand scheme of things, with SL Green reporting interests held in over 31 million square feet of buildings, with the footprint shrinking by less than a percent as a result of the transaction. This deal actually follows another smaller sale earlier this month. At the start of March, SL Green announced a $54 million deal to sell 690 Madison Avenue, a nearly 8,000-square-foot commercial building that is leased out to luxury firm Richemond. A Tough Read These asset deals follow the release of 2025 results in January, as the results remain hard to read. This comes as the business acts both as an investor and developer of buildings. Moreover, investments range from standalone developments, joint ventures, and cooperative vehicles, as well as loans being apparent on the asset side of the balance sheet. As of 2025, the...
As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand for memory and storage solutions has also been soaring. As a result, Micron Technology (MU +1.45%) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion, making it one of the larges...
As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand for memory and storage solutions has also been soaring. As a result, Micron Technology (MU +1.45%) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion, making it one of the largest tech companies in the world. With incredible growth prospects and AI investments not showing any signs of slowing down, is this likely to be the next tech stock to join the trillion-dollar club? Can Micron's stock double from where it is today? In essence, this is what the question comes down to. If Micron can double from its current valuation, then its market cap would be north of $1 trillion. That may seem probable given just how well its business has been doing. In its most recent fiscal year, which ended on Aug. 28, 2025, its revenue totaled $37.4 billion -- more than double the $15.5 billion it reported two years earlier. And with there being a shortage of memory and storage products, prices have been rising higher, which can lead to much more growth for the company in the future. There are, however, obstacles that could get in the stock's way. The first one is a potential slowdown in spending in the near future. While there is a shortage today, if that changes in the future, investors may adjust their expectations, and thus, the premium they're willing to pay for Micron's stock may come down. And that brings us to the next issue: its valuation. Right now, Micron trades at 44 times its trailing earnings, which is fairly high. Based on analyst estimates of future profits, its forward earnings multiple drops to just 14. However, this again comes back down to expectations and what analysts and investors are expecting, and it can change over time. For Micron's stock to continue being a hot buy, there needs to be at least the expectation that demand will continue to be st...
As of this writing, Costco Wholesale (COST 0.97%) trades at a premium valuation that can make value investors instantly look the other way. Trading at about 51 times earnings, the stock seems to be priced for perfection. With a valuation like this, the market is pricing in years of robust sales and store-count growth. But some stocks truly deserve their sky-high valuations. And Costco is one of th...
As of this writing, Costco Wholesale (COST 0.97%) trades at a premium valuation that can make value investors instantly look the other way. Trading at about 51 times earnings, the stock seems to be priced for perfection. With a valuation like this, the market is pricing in years of robust sales and store-count growth. But some stocks truly deserve their sky-high valuations. And Costco is one of them. Like clockwork, the company's latest results once again clearly demonstrated why investors are consistently willing to pay a high valuation for this stock. Here is a closer look at three reasons Costco deserves its premium valuation. 1. Robust comparable store sales For a brick-and-mortar retailer as massive as Costco, generating consistent top-line growth is no easy feat. At least it shouldn't be. But Costco makes it look easy anyway. The company routinely posts impressive comparable-store sales metrics, demonstrating that its core value proposition continues to resonate with consumers. During the fiscal second quarter, total company comparable sales increased 7.4% year over year. And when stripping out the impacts of gasoline prices and foreign exchange rates, comparable sales grew 6.7%. Showing the company's steady march of robust comparable-store sales growth, this figure was a slight acceleration from the company's adjusted comparable-store sales growth in fiscal Q1 and was not too far below its fiscal 2025 adjusted comparable sales growth of 7.6%. 2. A massive international runway While Costco is ubiquitous in the United States, its global footprint still has a long runway for expansion. The company ended the second quarter with 924 warehouses worldwide, but the vast majority of those are concentrated in North America. Costco's "Other International" segment -- which excludes the U.S. and Canada -- is arguably the most exciting growth lever for the company's physical footprint. During the second quarter, comparable sales for this segment jumped 13% and maintained a...
Key Points Comparable store sales continue to rise steadily, demonstrating the resilience of the membership model amid an uncertain macroeconomic backdrop. An expanding international footprint offers a massive, largely untapped runway for future warehouse growth. Digital initiatives are surging, adding a rapidly growing e-commerce lever to the legacy brick-and-mortar retail business. 10 stocks we ...
Key Points Comparable store sales continue to rise steadily, demonstrating the resilience of the membership model amid an uncertain macroeconomic backdrop. An expanding international footprint offers a massive, largely untapped runway for future warehouse growth. Digital initiatives are surging, adding a rapidly growing e-commerce lever to the legacy brick-and-mortar retail business. 10 stocks we like better than Costco Wholesale › As of this writing, Costco Wholesale (NASDAQ: COST) trades at a premium valuation that can make value investors instantly look the other way. Trading at about 51 times earnings, the stock seems to be priced for perfection. With a valuation like this, the market is pricing in years of robust sales and store-count growth. But some stocks truly deserve their sky-high valuations. And Costco is one of them. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Like clockwork, the company's latest results once again clearly demonstrated why investors are consistently willing to pay a high valuation for this stock. Here is a closer look at three reasons Costco deserves its premium valuation. 1. Robust comparable store sales For a brick-and-mortar retailer as massive as Costco, generating consistent top-line growth is no easy feat. At least it shouldn't be. But Costco makes it look easy anyway. The company routinely posts impressive comparable-store sales metrics, demonstrating that its core value proposition continues to resonate with consumers. During the fiscal second quarter, total company comparable sales increased 7.4% year over year. And when stripping out the impacts of gasoline prices and foreign exchange rates, comparable sales grew 6.7%. Showing the company's steady march of robust comparable-store sales growth, this figure was a slight acceleration from the company's adju...
Key Points Micron's revenue has more than doubled over the past couple of years. A memory chip shortage could ensure that demand remains strong in the near term. Micron is already one of the most valuable tech companies in the world. 10 stocks we like better than Micron Technology › As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand ...
Key Points Micron's revenue has more than doubled over the past couple of years. A memory chip shortage could ensure that demand remains strong in the near term. Micron is already one of the most valuable tech companies in the world. 10 stocks we like better than Micron Technology › As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand for memory and storage solutions has also been soaring. As a result, Micron Technology (NASDAQ: MU) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion, making it one of the largest tech companies in the world. With incredible growth prospects and AI investments not showing any signs of slowing down, is this likely to be the next tech stock to join the trillion-dollar club? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Can Micron's stock double from where it is today? In essence, this is what the question comes down to. If Micron can double from its current valuation, then its market cap would be north of $1 trillion. That may seem probable given just how well its business has been doing. In its most recent fiscal year, which ended on Aug. 28, 2025, its revenue totaled $37.4 billion -- more than double the $15.5 billion it reported two years earlier. And with there being a shortage of memory and storage products, prices have been rising higher, which can lead to much more growth for the company in the future. There are, however, obstacles that could get in the stock's way. The first one is a potential slowdown in spending in the near future. While there is a shortage today, if that changes in the future, investors may adjust their expectations, and thus, the premium they're willing to pay for Micron'...
As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand for memory and storage solutions has also been soaring. As a result, Micron Technology (NASDAQ: MU) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion, making it one of the large...
As companies have been investing heavily in artificial intelligence (AI) and upgrading their infrastructure, demand for memory and storage solutions has also been soaring. As a result, Micron Technology (NASDAQ: MU) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion, making it one of the largest tech companies in the world. With incredible growth prospects and AI investments not showing any signs of slowing down, is this likely to be the next tech stock to join the trillion-dollar club? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Can Micron's stock double from where it is today? In essence, this is what the question comes down to. If Micron can double from its current valuation, then its market cap would be north of $1 trillion. That may seem probable given just how well its business has been doing. In its most recent fiscal year, which ended on Aug. 28, 2025, its revenue totaled $37.4 billion -- more than double the $15.5 billion it reported two years earlier. And with there being a shortage of memory and storage products, prices have been rising higher, which can lead to much more growth for the company in the future. There are, however, obstacles that could get in the stock's way. The first one is a potential slowdown in spending in the near future. While there is a shortage today, if that changes in the future, investors may adjust their expectations, and thus, the premium they're willing to pay for Micron's stock may come down. And that brings us to the next issue: its valuation. Right now, Micron trades at 44 times its trailing earnings, which is fairly high. Based on analyst estimates of future profits, its forward earnings multiple drops to just 14. Howe...
An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images The Federal Reserve is still expecting to cut interest rates once this year in spite of a spike in oil prices from the Iran ...
An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images The Federal Reserve is still expecting to cut interest rates once this year in spite of a spike in oil prices from the Iran war. The central bank's so-called dot plot, which shows the anonymous expectations of the 19 individual members, showed a median estimate of 3.4% for the federal funds rate at the end of 2026, the same as what it had projected at the end of last year. The Fed kept rates unchanged on Wednesday. Markets had come into the year pricing in for two quarter-point rate cuts in 2026, according to the CME FedWatch Tool. However, that expectation has been getting pushed out in recent weeks because of data showing hotter inflation that could put the central bank on hold. The Fed's Summary of Economic Projections showed the forecast for personal consumption expenditures inflation climb to 2.7% for 2026, up from 2.4% in December. The projection for core inflation, which excludes volatile food and energy prices and is more closely watched by the Fed, also rose to 2.7% from 2.5%. However, the change in real GDP rose to 2.4% from 2.3% in December. — CNBC's Jeff Cox contributed to this report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.