Tibor Kárpáti
Numbers By Barron's is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-after its meeting this week. Chairman Jerome Powell highlighted strong economic growth and low unemployment as supporting the increase.
But officials are less sure about next year. The Fed expects slower GDP growth, and Powell acknowledged that weaker-than-expected data could derail further hikes.
Federal Open Market Committee participants now expect two interest rate increases in 2019. It's a more dovish outlook than three months ago, when officials predicted three increases.
FedEx
-after the logistics giant reported earnings Tuesday evening.
It was a strong quarter: higher volumes and lower fuel costs boosted earnings. But FedEx's fiscal 2019 forecast was gloomy.
Management cut its annual earnings guidance by over 8%, blaming global economic uncertainty and slowing trade due to tariffs.
That's worrying for more than just FedEx's shareholders. The company is often seen as a bellwether for the economy, because the number of packages shipped is a good indication of production and consumption.
-at Wednesday's close. The meal-kit delivery service's stock has tumbled since it went public less than 18 months ago. Back then, the company was valued at $10 a share.
Its subscription and delivery model is appealing to customers, but costly for Blue Apron as the meal-kit delivery business has grown more competitive.
Services including HelloFresh and Home Chef, alongside expanding grocery delivery options, are all competing for the same customers and dollars.
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This episode was hosted by Nick Jasinski.
Write to Nick Jasinski at nicholas.jasinski@barrons.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
