The Federal Reserve announced a rate hike of 25 basis points, its ninth consecutive hike in the last year. Chair Jerome Powell softened his tone on the central bank’s aggressive hiking policy, and the markets interpreted his comments as a hint that the end of the hikes may be approaching. Though temporarily sated by Powell’s comments, markets bristled at those of Treasury Secretary Yellen to a Senate subcommittee. Real estate mogul, investor, and Starwood Capital CEO Barry Sternlicht digests the Fed’s policy and its impact on the American economy. CNBC’s Jon Fortt maps out the AI landscape and its potential winners, including big players like Microsoft, and smaller contenders like Duolingo. Plus, the SEC is cracking down on crypto by going after celebrities.
In this episode:
Jon Fortt, @jonfortt
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Cameron Costa, @CameronCostaNY