Investing.com-- The S&P 500 closed higher Monday, ahead of more tech earnings and the Federal Reserve meeting due this week."We expect the FOMC remains on hold at 5.375% but opens the door to a September rate cut," Morgan Stanley said in a recent note.
The primary factor moving the FOMC closer to a cut is the favorable inflation data from May and June. After firmer inflation figures in the first quarter—attributed largely to residual seasonality and typical month-to-month noise—the second quarter saw significant improvement in inflation news. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »