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Stocks Set for Worst Month in 2024 Before Fed: Markets Wrap

(Bloomberg) — The stock market got hit after the latest batch of economic data showed a plunge in consumer confidence and persistent wage pressures in the run-up to the Federal Reserve decision. Equities remained on pace for their worst month since September on speculation the Fed will keep rates unchanged at a two-decade high on…
United States United Kingdom New York Stoxx Europe Bob Bakish Ian Lyngen

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Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap

(Bloomberg) — The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer. On the eve of the Fed decision, a broad gauge of US labor costs closely watched by policymakers jumped the most in…
United States United Kingdom New York Jerome Powell Alexandra Semenova Max Kettner

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