Microsoft (NASDAQ:MSFT) continues zooming to record highs. As the Redmond, Washington-based software giant takes a dominant position in the cloud, investors have renewed their interest in Microsoft stock.Source: Shutterstock The recent run-up has put the near-term buy case for MSFT in doubt. However,
The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September. Before the financial crisis struck in late 2007, the Fed's balance sheet was less than a quarter of its current size and consisted almost entirely of Treasury securities. Then, to help foster an economic recovery, the Fed went on a buying binge that ran from the end of 2008 to late 2014 in three phases, a program known as quantitative easing (QE).
The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. Investors now put a 75 percent probability on the likelihood the Fed won't raise its overnight benchmark interest rate, or federal funds rate, any more this year, according to CME Group's FedWatch tool. New quarterly economic and rate projections to be released with the latest Fed policy statement at 2 p.m. EDT (1800 GMT) will show how closely policymakers align with that view.
The Fed is expected to reduce expectations for future rate hikes and announce when and how it plans to end balance sheet reductions.
The renewable power company's CEO ran through the highlight reel on the fourth-quarter conference call.