Reported about 12 hours ago
Markets are currently divided on the likelihood of a Federal Reserve interest rate cut in September, with odds shifting from 70% to 50% following new inflation data. Notably, Taiwan Semiconductor Manufacturing Company's (TSMC) earnings have surged by 61%, driven by increased demand for AI technology, contrasting with a mixed bag of results from other companies. As the next Fed meeting approaches, expectations vary, with some firms predicting no cuts this year, while others foresee a potential cut in December.
Source: YAHOO