The Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee at the Heart Senate Office Building on Capital Hill in Washington, DC on 11 February 2025.
Chip Somodeville | Getty Image News | Getty images
Members of the US Federal Reserve’s Rate-Development Committee unanimously agreed to keep the rates stable in January, as they were in this part, concerned about the effect that US President Donald Trump’s tariff would be on inflation on inflation . For example, proving Fed President, Trump announced a possible tariff on Tuesday (more) targeted areas.
Apple launched a new low -cost iPhone on Wednesday to expand its market share. Competitively price – in relation to your regular model – the smartphone may not be as attractive in the price if tariffs force Apple to raise prices, among other American companies.
He said, the stock market was unchecked, climbed his way to get closer to another record with S&P 500. The shares are provoked by a healthy American economy, and the Fed officials are optimistic about the economic approach, according to their January meeting, which can also complicate the progress towards reducing inflation.
What should you know today
Fed worries on tariff
The US Federal Reserve officials agreed that they would need to look at the fall of inflation further before the minutes of the January meeting released on Wednesday, before reducing the interest rates. He said “reverse risk to the approach to inflation. In particular, participants cited the potential impacts of potential changes in trade and immigration policy.”
Possible trump tariff on auto
At the top of the tariff already declared by US President Donald Trump, he suggested on Tuesday that he could levy on the import of automobiles, pharmaceuticals and semiconductors. In reporters’ comments, Trump stated that the duties would be around 25%, can begin in early 2 April and “quite high during one year.” The largest auto exported nations in the US are Mexico, Japan and Canada.
Second direct record for S&P
S&P 500 On Wednesday, 0.24% higher, another record shut down. Dow jones industrial average Climbed 0.16%, and Nasdac Composite Stick to 0.07%. Palatir The stocks declined by 10% on the news that the US Defense Secretary was ordering Pentagon to reduce his budget. Pan-european Stoxx 600 The index fell 0.91%, weighed by disappointing earnings. Philips The fourth quarter fell 11% after remembering the expectations of sales increase for the fourth quarter, while Glencore Lost 7% after posting a decline of 16% year-on-year in adjusted income.
Apple drops new iPhone
Apple On Wednesday, the iPhone 16E announced, priced at $ 599, which is less than its mainline iPhone model, and will go on sale later this month. It uses Apple’s A18 chips, which is also found in the main iPhone 16 model. This means that the iPhone 16E supports Apple Intellation, making it the least expensive new phone in Apple that can reach the image generation and notification summary facilities.
Britain’s inflation shooting
According to data released by the office for National Statistics on Wednesday, the Consumer Price Index of the UK increased by 2.5% in January to 3% in January. Inflation reading of more than 2.8% required by a Reuters Poll. Core inflation, which excludes the prices of energy, food, alcohol and tobacco, increased by 3.7% on 12 months basis, which was 3.2% in the previous month.
(Pro) Tariff reduce risk
Despite the uncertainties generated by the tariff – and with each week a new has been declared – the stock has usually climbed since the inauguration of Trump. S&P monitored the high levels to close twice in a row on Tuesday and Wednesday. This is the reason that according to the chief economist of Goldman Sachs, investors are not shaken by Trump’s tariff.
And finally …
Beta Zavarzel | Nurphoto | Getty images
Microsoft deposes a new position of the substance in its first quantum computing chip
Microsoft announced Majorna 1 on Wednesday, its first quantum computing chip. Tech giant claims that Majrana 1 needs to be built that it creates a completely new position, which he is referring to as a topological state. The quantum chip of Microsoft appoints eight topological quades using indium arsenide, which is a semiconductor, and aluminum, which is a superconductor.
Instead of relying on the TSMC or any other company for construction, Microsoft is creating components of Majrana 1 in the US that is possible because the work is coming out on a small scale. The technologist believes that quantum computers can one day efficiently solve problems that are not impossible for classical computers, if not impossible.