The much-anticipated Federal Funds Rate announcement from the FOMC is now only 30 minutes away and the market is poised to see where they are going to land after the last couple of weeks turmoil in the banking sector.
Stock markets took a hit once again in the New York session as another strong data print out of the US gave more credence to the ‘stronger for longer’ opinion on US rates that is permeating the market.
There is no doubt that one of the most talked about sectors at the moment is the AI space. Microsoft and Google are facing off. Just this week, Microsoft launched its AI-powered search engine, where they have integrated Bing with ChatGPT to shake up an area that Google has dominated. Meanwhile, Alphabet (Google’s parent company) … Continue reading The AI Stocks race heats up
The Fed is widely expected to increase interest rates by 25 bps, the second phase of a slowing pace in rate hikes since previous announcements. However, of more importance is the tone that Fed Chair Powell exudes amid the FOMC meeting that traders will closely monitor. As markets continue to phase out the “don’t fight … Continue reading All Eyes on FOMC – What to expect?
