Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive

Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive

Kansas City Federal Reserve President Jeffrey Schmid said Thursday that inflation is still too high, though he stopped short of calling for an interest rate hike. Speaking from the central bank’s annual symposium in Jackson Hole, Wyoming, that the Kansas City Fed hosts, Schmid said in a CNBC interview that inflation has proven resilient. “It’s…

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NVDA, CRM, CRWD, URBN and more

NVDA, CRM, CRWD, URBN and more

Check out the companies making headlines in after-hour trading. Nvidia — The artificial intelligence darling rose 4% after beating expectations on both lines in the second quarter and reporting that revenue more than doubled. Nvidia earned $2.22 per share after adjustments and $96.22 billion in revenue against analyst consensus estimates of $2.10 per share and…

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