Why the US Fed may surprise with a 50 basis point hike - Clifford Bennett
The US market closed down Monday ahead of the US Fed's meeting later this week. Clifford Bennett from ACY Securities says there is a fair chance the Fed may still hike by 50 basis points.
Major U.S. stock indexes were dragged lower by declines in tech and other mega-cap shares. Shares in Apple (APPL), Amazon (AMZN) and Alphabet which are all due to post results later this week, all fell. Yet, despite the declines, the S&P 500 is on track to post its biggest January gain since 2019.
Shares of Johnson & Johnson fell after the healthcare giant's strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court.
Today the S&P/ASX200 is expected to ease at the open with retail sales and private sector credit due.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
Dollar off highs ahead of NFP, equities buoyed by trade hopes
AUD/USD in a range: Is a bullish breakout next?
Daily Market Update: May 2, 2025
ATFX Market Outlook 2nd May 2025
Wall Street whipsaws on data and trade headlines, yen slides after BoJ
Japanese Yen Edges Lower as Weak Data Dampens Confidence
US dollar’s fate tied to incoming US data
