Revolution is a Washington D.C. based firm that seeks out and invests in entrepreneurs and ideas to grow teach hubs across the country, specifically outside of Silicon Valley. The Rise of The Rest fund involves 3 business leaders investing $150 million in start-ups. Steve Case is known for being the co-found of AOL but is now the chairman and CEO of Revolution.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
