Published on 2 May 2024 on etf.com via Yahoo Finance
Here's What's Happening in Markets: May 1
Here's What's Happening in Markets: May 1
Markets wobbled at the start of Wednesday's trading session as investors geared up for the Federal Reserve's decision on interest rates.
According to the CME Fed Watch Tool, it's a foregone conclusion that the Fed will hold rates steady today. And while markets have already priced in the Fed's decision, investors will listen closely to Fed Chair Jay Powell's afternoon speech and answers to reporter questions for further clues about the future direction of interest rates.