The chairman of the Federal Reserve Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office building at Capitol Hill on February 11, 2025 in Washington.
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Members of the US Federal Federal Reserve Committee unanimously agreed to maintain rates in January, because they were partly worried about the influence of US President Donald Trump's tariffs on inflation. As if proving the fedation, Trump announced on Tuesday (more) possible tariffs for targeted sectors.
Apple introduced a new cheap iPhone on Wednesday to increase its market share. Competitive price – in relation to regular models – the smartphone may not be so attractive in terms of value, if the tariffs forcing Apple, among other American companies, to raise prices.
After saying, the stock exchange was unwavering, and the S&P 500 climbed to the next record. Actions are carried out by a healthy US economy, and FED officials are optimists as to economic prospects, according to minutes from the January meeting, which can also complicate progress to reduce inflation.
What you need to know today
Fed concerns about tariffs
The US Federal Reserve officials agreed that they would have to See inflation will fall more before further reduction of interest ratesAccording to the report of their January meeting published on Wednesday. They noticed “the risk of increasing inflation prospects. In particular, participants cited possible effects of potential changes in commercial and immigration policy, “minutes were found.
Possible Trump tariffs for cars
In addition to the tariffs already announced by the US President Donald Trump, he suggested on Tuesday that he could impose Charges for the import of cars, pharmaceuticals and semiconductors. In notes to reporters, Trump said that the duties would be about 25%, they could start on April 2 and increase “much higher during the year”. Nations with the largest car export to the USA are Mexico, Japan and Canada.
Second record in a row for S&P
. S&P 500 ended on Wednesday by 0.24% higher, Listing the next closure record. . Industrial average Dow Jones increased by 0.16%and NASDAQ composite marked by 0.07%. Palantir Actions have fallen by 10% in the news The US Secretary of Defense orders Pentagon to reduce his budget. Asia and Pacific markets fell on Thursday. Auto of Japan and South Korea, such as Nissan engine A Hyundai Motor, withdrew to the specter of car tariffs, burdening the indexes of both countries.
China has interest rates
. Chinese on Thursday he maintained his key interest rates unchanged. A single -year loan rate remained at the level of 3.1%, and the five -year LPR at 3.6%, suggests that Beijing priority treats financial stability against economic stimuli. Both numbers were in line with the estimates of Reuters surveys. The first affects corporate loans and most household loans in China, while the second serves as a reference point for mortgage rates.
Apple drops the new iPhone
Apple announced on Wednesday iPhone 16Ewhich costs $ 599, lower than the main models of the iPhone, and will go on sale this month. Uses the Apple A18 systems, which are also found in the main models of iPhone 16. This means that the iPhone 16E supports Apple Intelligence, which makes it the cheapest new Apple phone, which can access functions such as generating images and summary of notifications.
(PRO) Touching in a tariff threat
Despite the uncertainty generated by the tariffs – and every week a new one was announced – the supplies generally climb the inauguration of Trump. S&P reached even two more maxima closing on Tuesday and Wednesday. This is why Investors are not shocked by Trump tariffsAccording to the main economist of Goldman Sachs.
And finally …
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Microsoft is implementing a new state of matter in its first quantum system
Microsoft announced Majorana 1 on Wednesday, the first quantum calculation system. The technological giant claims that building Majorana 1 required it to create a completely new state of matter, which is called a topological state. The Microsoft quantum chip uses eight topological cubits using an indu arsen, which is semiconductor and aluminum, which is a superconductor.
Instead of relying on TSMC or other manufacturing company, Microsoft produces elements of Majorana 1 in the United States, which are possible because the work is developing on a small scale. Technologists believe that quantum computers can one day effectively solve problems that would be taxed, if not impossible, for classic computers.