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Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump's proposed tariffs and mass deportations of migrants, as well as strong consumer spending, were factors that could push inflation higher this year. The Fed's 19 officials who participate in its interest-rate decisions indicated that “they would want to see further progress on inflation before making” any further cuts.

WASHINGTON (Reuters) -President Donald Trump's initial policy proposals raised concern at the Federal Reserve about higher inflation, with firms telling the U.S. central bank they generally expected to raise prices to pass along the cost of import tariffs, policymakers said at a meeting held about a week after Trump's January 20 inauguration. Participants at the U.S. central bank's January 28-29 meeting "generally pointed to the upside risks to the inflation outlook," rather than risks to the job market, according to the minutes from the meeting, which were released on Wednesday. "In particular, participants cited the possible effects of potential changes in trade and immigration policy, the potential for geopolitical developments to disrupt supply chains, or stronger-than-expected household spending."

Shares of low code software development platform provider Appian (Nasdaq: APPN) jumped 21.1% in the afternoon session after the company reported strong fourth quarter results that beat analysts' revenue, EPS, and adjusted operating income expectations. Cloud subscription revenue, its key growth driver, increased 19% y/y, fueling a 15% rise in total sales. In addition, its full-year EPS and EBITDA guidance topped Wall Street's estimates. Margins improved significantly, with GAAP operating income

Shares of real estate technology company Compass (NYSE:COMP) jumped 24.2% in the afternoon session after the company reported strong Q4 2024 results, with revenue and EBITDA exceeding Wall Street's expectations. Transactions surged, outpacing the growth observed in the real estate market. In addition, Compass provided optimistic revenue and EBITDA guidance for the next quarter, both of which beat analysts' expectations, indicating momentum is improving. Zooming out, we think this was a good quar

Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 24.8% in the afternoon session after the company announced the acquisition of Sigmund (marketed as Trybe Labs), which will allow it to introduce home lab testing through its platform. This capability is expected to help its subscribers test and identify diseases with more accuracy. The data generated from these new features is expected to support AI initiatives like MedMatch, which aim to improve treatment recommendations.

Shares of homebuilding company Toll Brothers (NYSE:TOL) fell 7.8% in the afternoon session after the company reported weak fourth-quarter results. Its revenue missed significantly, and its EPS fell short of Wall Street's estimates as margins shrunk. Also, its backlog value fell by 2% relative to the previous year, suggesting some moderation in future sales, and the company called out that "affordability constraints and growing inventories in certain markets are pressuring sales." Overall, this w

Shares of fast-food chain Wingstop (NASDAQ:WING) fell 13.9% in the afternoon session after the company reported underwhelming fourth-quarter earnings: its same-store sales, revenue, and full-year revenue guidance fell short of Wall Street's estimates. Domestic same-store sales, which drive the bulk of revenues, grew 10.1%, a sharp deceleration from 21.2% growth in the prior year. On the other hand, Wingstop blew past analysts' EPS and EBITDA expectations, but management guided for low-to-mid sin