Page 4 - May Fed News Today

Caution is writ all over the face of the market on Wednesday, with stock futures pointing to a modestly lower opening. Traders may have to navigate through…

Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Inflation Fell to 8.7% | Currency News UK

While the major benchmarks finished in the red, retail stocks Abercrombie & Fitch and Kohls popped after earnings.

Jerome Powell said that interest rates might not need to rise as much as expected to curb inflation due to the stress in the banking sector.

A brief look at important company events and economic data releases next week

“Today’s report falls a bit above expectations, and may undermine some of the early-week confidence that a pause in rate hikes is ahead,” said realtor.com® Chief Economist Danielle Hale.

This may be the last rate hike for the year, but were not out of the woods yet.

Operator: Ladies and gentlemen, thanks for standing by. Welcome to the MarketAxess First Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.

A Federal Reserve meeting is set to conclude May 3. Will it end with another interest rate increase? And what will it mean for the markets?

In his latest note, WisdomTree strategy advisor and Professor Jeremy Siegel talks another 25 bps rate hike from the Fed.