# NewsFrontier

BofA: 10% of 12% growth SP500 since the beginning of this year, was provided by only 7 stocks: AAPL MSFT GOOGL AMZN NVDA META TSLA
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Important notes from FED:
🔹️ The FED rate ceiling is expected to be 5.5%-5.75% by the end of 2023.
(i.e., there is still room to raise.)
🔹️ Moderate rate of economic growth.
🔹️ Keeping rates at the same level allows the impact of the QE (lag) to be assessed.
🔹️ Additional rate hikes possible
🔹️ Rates are expected to decline in 2024.
🔹️ The Fed's balance sheet will continue to shrink as part of the previously announced plan.
🔹️ It made sense to moderate the pace of rate hikes as we got closer to our target
🔹️ We haven't made a decision on July (marketd are waiting for a hike)
Next FED

Tether said it has met its reporting obligations to the New York Attorney General's Office under the terms of a settlement agreement in 2021.
That agreement required Tether to report its reserves every quarter for two years.
Tether has fully complied with this obligation, and there has been no suggestion that the disclosure was incomplete or that the reserves were ever insufficient.
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❗️The FED has taken a pause in rate hikes.❗️
The U.S. Federal Reserve decided at the June 13-14 meeting to leave the rate at the current level - after 10 consecutive hikes since last March.
During this period, the interest rate rose from 0-0.25% to 5-5.25%, the most aggressive series of increases since the 1980s.
Prior to that, the rate had been at about zero for two years.
During the press conference following the monetary policy meeting, FED Chairman Jerome Powell said that the full effects of monetary policy tightening have yet to be felt and some further rate hikes are likely to be appro