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The U.S. Federal Reserve is expected to hold rates steady at its next meeting's conclusion on May 1. Upcoming inflation figures may reveal more than the Fed's statements.
The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union's share decreased by 1.4%, Japan's by 2.1%, while the United States increased by 2.3%. China's GDP is 64% of the American figure, down from 67% five years ago. As a result, the dollar remains the undisputed leader among G10 currencies, with no contenders for its throne in the foreseeable future.
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Disappointing readings on GDP and inflation helped tank equities.
-- The Mib on Wednesday moved up slightly, around the 34,400 mark Wednesday, following a positive global mood as investors continue to assess a new set of corporate results. Nationally, April saw...