U.S. stocks are falling as investors await outcome of Fed's meeting By Investing.com

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

U.S. stocks are falling as investors await outcome of Fed's meeting

Data from the U.S. of late has tended to point to a resilient economy, leading the Organization for Economic Co-operation and Development to lift its forecasts for U.S. growth earlier Tuesday.

The Paris-based body said it now expected the U.S. economy to grow 2.2% this year rather than the 1.6% it forecast in June, and while it sees growth slowing to 1.3% next year, that was still better than the 1.0% for 2024 expected in June.In corporate news, earnings are due from auto parts retailer AutoZone , while Instacart is set to start trading on the Nasdaq after the online grocery delivery service priced its initial public offering at the top-end of an upwardly revised target range.

The auto sector will also be in focus after the United Auto Workers union has warned that more U.S. factories would go on strike if no progress is made in talks with automaking giants Ford (NYSE:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks dip ahead of Fed, Hong Kong shares slump By Investing.comAsian stocks dip ahead of Fed, Hong Kong shares slump
Source: Investingcom - 🏆 450. / 53 Read more »