Does the Fed know it’s Christmas time at all? [Financial Times (FT.com) (UK)]
GameStop Corporation (GME)
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Source: Financial Times
Alexandra ScaggsDecember 19 2024Jump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.The good news is that stocks area little less expensiveThe bad news? Well, the ’s major indices puked yesterday, with the S&P 500 down almost 3 per cent and the Nasdaq Composite off 3.6 per cent. The real carnage happened in faves like Carvana, GameStop, Tesla and MicroStrategy.The latter two fell 8.3 per cent and 9.5 per cent respectively, sending the (very sillyBlame the ’s “hawkish cut” for the mayhem.While officials did cut rates, their median projection for core inflation (the important stuff) shows they now expect inflation to persist above their target next year. The median projection also called for fewer rate cuts, and Fed Chair Jay Powell said officials can “be more cautious as we consider further adjustments to our policy rate” in the future.So, yes, it’s looking like next year will bring tighter Fed
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GME
Earnings
- 12/10/24 - In-Line
GME
Sec Filings
- 12/10/24 - Form 10-Q
- 12/10/24 - Form 8-K
- 12/5/24 - Form 3
- GME's page on the SEC website