Perion Network (PERI) Q1 2023 Earnings Call Transcript

Image source: The Motley Fool. Perion Network (NASDAQ: PERI)Q1 2023 Earnings CallMay 03, 2023, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorHello, everybody, and welcome to the Perion Network first quarter 2023 earnings conference call. Read More...


Fed hikes another 25 basis points, hints it may be the last increase

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess bank failures, how the Washington standoff over the U.S. debt ceiling plays out, the course of inflation. The U.S. central bank lifted it’s benchmark overnight interest rate to the 5.00%-5.25% range, it’s tenth consecutive increase since March 2022, and dropped language in it’s policy statement saying the Federal Open Market Committee still “anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time,” replacing it with a more qualified statement.

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