Investing.com UK on Nostr: Fed meeting, Amazon results, struggling US consumer - what's moving markets ...
Fed meeting, Amazon results, struggling US consumer - what's moving markets
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The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon's first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. The Federal Reserve is widely expected to hold its benchmark overnight interest rate steady. U.S. stock futures drifted lower Wednesday, amid caution ahead of more corporate earnings and the Federal Reserve’s latest policy decision. Amazon became the latest tech giant to release its latest quarterly results late Tuesday, and largely beat expectations as interest in artificial intelligence helped drive cloud-computing growth. Crude prices fell Wednesday, continuing the recent weak tone after a surprise build in U.S. stockpiles and strong crude production sparked doubts over tight supply conditions. Officials at the Federal Reserve may be laser-focused on the inflation level, but they may also be minded to listen to comments from some of America’s largest consumer-focused corporations who are saying their customers are struggling.
#FederalReserve #Amazon #UsConsumer #MarketMovement
https://uk.investing.com/news/economy/fed-meeting-amazon-results-struggling-us-consumer--whats-moving-markets-3465351
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The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon's first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. The Federal Reserve is widely expected to hold its benchmark overnight interest rate steady. U.S. stock futures drifted lower Wednesday, amid caution ahead of more corporate earnings and the Federal Reserve’s latest policy decision. Amazon became the latest tech giant to release its latest quarterly results late Tuesday, and largely beat expectations as interest in artificial intelligence helped drive cloud-computing growth. Crude prices fell Wednesday, continuing the recent weak tone after a surprise build in U.S. stockpiles and strong crude production sparked doubts over tight supply conditions. Officials at the Federal Reserve may be laser-focused on the inflation level, but they may also be minded to listen to comments from some of America’s largest consumer-focused corporations who are saying their customers are struggling.
#FederalReserve #Amazon #UsConsumer #MarketMovement
https://uk.investing.com/news/economy/fed-meeting-amazon-results-struggling-us-consumer--whats-moving-markets-3465351