Interest Rate Decision & Portland Teachers

Heyo, reader! We hope you’re having a good Thursday morning!

Fun Fact: Did you know? The Venus flytrap is like a little green mathematician! 🧮 It won't snap shut on bugs until it gets poked twice. Talk about double-checking! It's like it's saying, "One touch, I'm chill. Two touches, gotcha!" 🌱

2️⃣ This Morning’s Two Reports:

• 🏛️ Interest Rates Hold Steady: Fed's Latest Decision

• 🍎 Portland Teachers Strike

✂️ Market Snippet

• DOW: 🔼 0.67% (33,274.58)

• S&P 500: 🔼 1.05% (4,237.86)

• NASDAQ: 🔼 1.64% (13,061.47)

• BTC: 🔼 2.28% (35,447.40)

• ETH: 🔼 1.68% (1,845.58)

_{*Stock numbers as of market close, cryptocurrency as of 7:45pm EST yesterday.}

🏛️ Interest Rates Hold Steady: Fed's Latest Decision

The U.S. Federal Reserve is sticking to its guns by keeping interest rates unchanged yet again, marking a steady streak since March 2022. With rates hovering between 5.25% and 5.50%, the highest in over two decades, the impact is real: more expensive mortgages and higher earnings on savings. 🏠 Despite this, the economy's heartbeat remains strong with solid growth and a robust job market. But inflation, like an unwelcome guest, is still hanging around. The Fed's move—or lack thereof—reflects a cautious approach, balancing the need to manage inflation without putting a damper on economic activity. Investors and analysts are tuned in, decoding the Fed's message like a Morse code, as everyone seeks to predict the next move in this financial chess game. 📊🔍

TL;DR ⏳: No new hikes—interest rates are holding steady for now. 💸

🍎 Portland Teachers Strike

Portland's teachers want more pay and better resources, taking to the streets in a citywide strike. Over 4,000 educators are making their voices heard, leaving classrooms empty for 45,000 students. 👩‍🏫 It's not just about their wallets, but the quality of education they can provide. With a budget that's tight and needs that are growing, the teachers' union and the school district are at a standstill, even as the lawmakers have opened the coffers with a $10.2 billion education budget. Negotiations are ongoing, but for now, the school bells are silent. 📢

TL;DR ⏳: Portland teachers have taken up signs, striking for more wages and improved classroom conditions. 🚩

⚡ BulletList Roundup (10 Headlines)

1. ✡️ Penn president responds to Jewish community with an action plan against antisemitism

2. 🚢 Israel mobilizes missile boats in Red Sea amid Houthi attacks from Yemen

3. 🏛️ Donald Trump Jr. testifies in financial fraud case

4. ⚖️ Supreme Court appears inclined to refuse 'Trump Too Small' T-shirts trademark

5. 🗳️ GOP Representatives Kay Granger and Ken Buck decide not to run for reelection

6. 🗓️ Judge considers delay for Trump's Mar-a-Lago documents trial

7. 📜 House to vote on George Santos expulsion amid increased calls from NY Republicans

8. 🌀 Hurricane Otis generates one of the strongest winds on record at 205 mph

9. 💰 IRS reveals updates to retirement contributions for 2024

10. 🐦 Elon Musk criticizes George Soros for societal impact and claims to save Twitter from 'far-left' on Rogan show

Tricky Trivia answer: Ganymede (a moon of Jupiter)

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