Stock indexes closed moderately higher yesterday, with the Nasdaq up for an eighth session in a row, following the release of minutes from the Federal Reserve’s January meeting, which showed the policy-setting committee was split on the path for interest rates.
Federal Reserve officials broke into two camps about future interest-rate hikes at their January meeting. One camp of Fed officials argued that rate increases might be needed only if inflation outcomes were higher than their baseline forecast. However, other Fed officials thought it would be appropriate to raise the federal funds rate later this year if the economy evolved as they expected.
Samsung introduced its new lineup of premium and pricey Galaxy S10 phones, which will take on Apple's latest iPhone lineup. The S10 lineup has 4 options including a Foldable option that is going to cost almost $2,000.
The ride-hailing company Lyft plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market. Lyft's larger rival Uber still needs several more weeks for its IPO preparations. Lyft now expects to be valued at between $20 billion and $25 billion in its IPO.
With Northwest Quadrant Wealth Management, I'm Tyler Simones