WS #10071
Fed holds rates steady at 3.5%-3.75% but dot plot indicates nine officials expect a rate hike later this year, removing language flagging further cuts. Apple CEO Tim Cook warns of unavoidable price increases due to memory chip shortage (RAMageddon), potentially impacting iPhone and other device prices.
Fed Holds Rates, Hawkish Dot Plot
Fed holds rates steady at 3.5%-3.75% but dot plot indicates nine officials expect a rate hike later this year, removing language flagging further cuts.
Apple CEO Tim Cook warns of unavoidable price increases due to memory chip shortage (RAMageddon), potentially impacting iPhone and other device prices.