On March 19-20, 2024, in the second FOMC meeting of the year, despite anticipations of rate cuts, the Fed maintained rates unchanged for the 5th time in a row, while hinting at 3 cuts soon.
This week, NVIDIA will host its GTC conference, the FOMC, RBA, BOJ and BOE are scheduled to meet, and Reddit is set to go public. What can traders expect?
As CPI and PCE remain far from the Fed's 2% target, US stocks have climbed higher, even as the probability of a June rate cut wavers. Will the Fed stay the course, or will upcoming data push them toward an earlier rate cut?
As US stocks take a hit led by tech, all eyes are on the Fed's upcoming moves. Amidst poor components in the ISM resources ahead of Powell's testimony and the NFP report, investors may be bracing for a potential shift.
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