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Why Forgent Power Stock Keeps Going Up

Key PointsDemand is rising for Forgent's custom-engineered powertrain solutions.

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FOMC Turns Hawkish to Tackle Inflation

In a laconic 132-word statement, the Federal Open Market Committee (FOMC) announced a hike of the Federal Funds rate by 0.25%, to between 3.75% and 4%.

  • FOMC raises Federal Funds rate by 0.25% to 3.75%-4.0%
  • Chairman Kevin Warsh leads first increase since July 2023
  • Inflation target of 2% not met since February 2021

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