WS #10050
Fed holds rates at 3.50-3.75% but hawkish tilt with 9 officials seeing a hike this year; core PCE forecast 3.3%. Mega-cap tech sell-off: META -5.1%, MSFT -4%, GOOGL -2.9%, AMZN -3.6%; AVGO and MU buck trend. Massive breach of Fortinet firewalls exposes credentials of 74,000 devices; attackers accessed centralized auth systems.
Fed Hawkish Hold
Fed holds rates at 3.50-3.75% but hawkish tilt with 9 officials seeing a hike this year; core PCE forecast 3.3%.
Mega-cap tech sell-off: META -5.1%, MSFT -4%, GOOGL -2.9%, AMZN -3.6%; AVGO and MU buck trend.
Massive breach of Fortinet firewalls exposes credentials of 74,000 devices; attackers accessed centralized auth systems.