FILE - A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, on April 22, 2024. Asian stocks fell Wednesday, May 1, 2024 with most of the markets in the region closed for a holiday. Meanwhile, U.S. stocks closed out their worst month since September. . Meanwhile, stocks in the United States closed out their worst month since September.
The yen continues to struggle. On Wednesday, the U.S. dollar rose to 157.97 Japanese yen from 157.74 yen. No one expects the Federal Reserve to change its main interest rate at this meeting. But traders are anxious about what Fed Chair Jerome Powell may say about the rest of the year.
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