Kevin Warsh just had his first meeting as the new Federal Reserve chairman. In what was a highly anticipated decision, the world's most powerful central bank chose unanimously to keep the benchmark federal funds rate unchanged within a range of 3.5% to 3.75%.
Half of the meeting's participants also expect at least one rate hike in 2026. This is unwelcome news for investors who were hoping for a more accommodative interest rate policy. Blame it on elevated inflation levels.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But Costco Wholesale (NASDAQ: COST) shareholders aren't worried. Here is one clear reason why the Fed's moves are no match for this top retail stock.
Costco is such an unbelievably resilient business that it really doesn't matter what stance central bankers are taking. Whether rates are rising or falling, the consumers who shop at the company's warehouses want low prices on high-quality goods. This will always be the case.