Posted 3/20/2024, 1:18:21 PM
Federal Reserve Holds Rates Steady As Questions Loom Over Future Cuts; Intel Awarded $8.5 Billion in CHIPS Funding for New U.S. Sites
- Federal Reserve expected to hold interest rates steady, but questions remain around future rate cuts and when Fed could begin lowering rates
- Bitcoin prices hovering around $64,000 after recent pullback resulted in over $200 billion in lost value
- Intel awarded $8.5 billion in CHIPS Act grants from Biden administration
- Funding to support new Intel sites in Ohio, Arizona, New Mexico, and Oregon
- Intel CEO calls federal grant a "defining moment" and "next great chapter" for semiconductor innovation in America