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Published on 1 May 2024 on Benzinga

US Stocks Mixed Ahead Of Fed Meeting, Chipmakers Tumble After AMD Earnings, Bitcoin Sinks: What's...

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Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations.

The forthcoming Federal Open Market Committee statement is anticipated to maintain interest rates where they are and possibly unveil a reduction in the Fed’s balance sheet runoff from $60 billion to $30 billion monthly. Fed Chair Jerome Powell‘s press conference is at 2:30 p.m. ET.

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