About this episode
The Fed held interest rates steady, but three officials broke ranks and voted for a hike, delivering the "family fight" Chair Kevin Warsh said he wanted. Meanwhile, oil prices climbed after fresh U.S. strikes on Iranian targets. And Big Tech earnings split investors, with Meta and Qualcomm disappointing while Microsoft impressed.
Today’s recommended read: The world's $1.8 quadrillion balance sheet has a simmering problem by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.
Read more from Amanda Cooper and Anna Szymanski.
Produced by Eliza Davis Beard and Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
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