BlackRock IncBLK
Mentioned
The Federal Reserve held interest rates steady at 3.5 to 3.75 percent in a unanimous 12-to-0 vote during Kevin Warsh's first FOMC meeting as chair, triggering declines in stocks and Bitcoin. Warsh canceled forward guidance, refused to provide a dot plot, and signaled a focus on price stability and jobs, while nine of 18 officials projected at least one rate hike this year and six projected two. He also suggested the 2 percent inflation target could effectively float between 2 and 3 percent, a comment markets did not welcome. The decision and Warsh's posture were seen as broadly negative for risk assets, with Bitcoin sliding in response.
BlackRock Inc