Tuesday, May 3, 2022

US Fed traders seek an answer to the 75-basis-point question

US Fed traders seek an answer to the 75-basis-point question The US central bank is expected to raise rates by 50 basis points at this meeting, something it hasn̢۪t done since May 2000. But there might still be room for even more hawkishness, depending on how Powell navigates his upcoming press conference

from Moneycontrol Market Outlook https://ift.tt/04eu9zs

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...