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FOMC Preview: No Rate Cut but Powell Might Provide Clearer Easing Schedule
The Fed is expected to raise inflation and neutral rate outlook due to higher CPI this year but likely revise down GDP growth. Economists also expect the median participant to reduce the scope of cuts from 75 bps to 50 bps.
Overnight News: Apple holds WWDC24 developer conference, French election shakes investor confidence, Musk says he will ban Apple devices from his company.
For more global financial information, please visit the real-time financial news 7x24. Market closing: S&P and Nasdaq hit new highs, market attention to Fed policy meeting. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. US WTI crude oil rose 2.9% on Monday, and Goldman Sachs said there will be a shortage of crude oil supply in the next few weeks. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. Major European stock market indices fell, and France's CAC40 index fell more than 1%. Macro level: Early French elections shake investors' confidence in the economy.
Apple Intelligence Coming Soon, S&P + Nasdaq Hit Records | Wall Street Today
The market climbed Friday, and indexes grew slightly, placing the S&P 500 and the Nasdaq just over the hurdle for two more record closes. By the close, the
S&P 500, Nasdaq Close ATH Monday With FOMC Decision Looming | Market Story
Indexes were lower on Monday while the market gears up for a macroeconomic-packed week. The FOMC will release its June rate decision on Wednesday.
Fed Likely Won't Move Interest Rates This Week, But Meeting Will Still Be a Feast for Economists
Economists generally agree that the strong May jobs report, released on Friday, seemed to shut the door on any rate cut at the July meeting.
Nvidia Splits, Apple Tech Week, FOMC on the Horizon | Herd on Wall Street
Morning mooers! Happy Monday, June 10th. The market is open and cautiously lower after Friday's '21 inspired meme stock surge investors eyes are back to more current memes; watching the Nvidia stock split, Apple tech event, and an upcoming FOMC rate decision this Wednesday.