The minutes from the latest Federal Open Market Committee meeting released Wednesday reveal increased uncertainty about the swift decline of inflation toward the 2% target, with the majority of board members indicating the need to keep restrictive interest rates for an extended period. Participants observed that while inflation eased over the last year, “recent data had not increased their confidencein progress toward 2%,” suggesting that “the disinflation process would likely take longer than p
Snowflake said first-quarter revenue increased 33% year-over-year to $828.7 million, beating the consensus estimate of $785.87 million, according to Benzinga Pro.