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.
Somodevilla chip Getty Images News Getty images
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. Pan-European Stoxx 600 The index dropped by 0.91%, burdened with disappointing earnings. Philips fell by 11% After the lack of expectations regarding sales increases in the fourth quarter, while Glencore he lost 7% after appointment 16% decrease in corrected earnings every year.
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.
Great Britain fired inflation
. The consumer price indicator in Great Britain increased rapidly to 3% In January, from 2.5% in December, according to the data published by the Office of National Statistics on Wednesday. Inflation reading is higher than 2.8% expected as a result of Reuters survey. Basic inflation, which excludes the prices of energy, food, alcohol and tobacco, increased by 3.7% within 12 months, compared to 3.2% in the previous month.
(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 …
Beata Zawrzela Nurphoto | Getty images
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 the Indium arsen, which is a 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.