Wall Street doesn't want the Fed to chill out - News Summed Up

Wall Street doesn't want the Fed to chill out


London (CNN Business) Investors are uneasy as the Federal Reserve gears up for its latest policy announcement on Wednesday. But for now, they'd rather the Fed indicate that it plans to keep its resolve rather than adopt a more accommodating stance. That's because the Fed has worked hard to bolster its inflation-fighting credentials after they were called into question earlier this year. The latest: Sales from Google's core advertising business hit $56 billion between April and June , the company announced after markets closed on Tuesday. Posts calling on the company to "Make Instagram Instagram again" have gone viral after it started prioritizing algorithmically-recommended posts and videos from its Reels product over photos from friends.


Source: CNN July 28, 2022 00:02 UTC



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