Market Awaits FOMC Decision and Powell’s Comments
South State Correspondent
MAY 4, 2022
Market Awaits FOMC Decision and Powell’s Comments. It’s not so much the 50bps rate hike we expect from the Fed this afternoon, but how Powell frames expectations for the meetings to come that will be the focus for investors. One reason for that is the record-breaking wage gains noted in the first quarter’s Employment Cost Index.
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