Stocks, dollar dip after data with eyes on Fed

NEW YORK, May 1 - A gauge of global stocks declined for the first time in three sessions on Wednesday while the dollar dipped against a basket of peers after a flurry of U.S. economic data and ahead of a policy announcement by the Federal Reserve.

A separate report from the Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey, or JOLTS, showed U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, indications of easing labor market conditions that could potentially aid the Fed in its fight against inflation.

"There will be a lot of questions about the timing of this cut, if there's a hike in play," said Keith Buchanan, senior portfolio manager at GLOBALT Investments in Atlanta. The dollar index fell 0.12% to 106.19 before the Fed statement after earlier reaching 106.49, the highest since April 16, with the euro up 0.14% at $1.068.

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.

Premarket: U.S. futures steady ahead of big bank earningsEuropean stocks gain, dollar strong as traders cut Fed easing bets
Source: globeandmail - 🏆 5. / 92 Read more »

Markets today: U.S. stocks join losses in bonds as Fed-cut wagers fadeWall Street traders sent both stocks and bonds lower after solid US factory data reinforced speculation that the Federal Reserve will be in no rush to cut interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagersAsian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagersExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Stocks will do well as long as Fed isn't hiking: StrategistUS equities (^DJI, ^IXIC, ^GSPC) are higher intraday on Monday ahead of this week's CPI (Consumer Price Index) inflation print. JPMorgan Chase & Co. (JPM...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall Street stocks fall as markets weigh strong wage data, Fed meetingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »