Stocks slip as focus turns back to Fed and inflation

"So far the major banks that have reported have largely helped to settle market nerves," said Khoon Goh, head of Asia research at ANZ in Singapore. "With those stresses easing away, markets are now back to focusing on the Fed."

Markets are pricing an 86% chance the Fed raises rates by 25 basis points at the May meeting, and are winding back expectations of cuts later in the year -- moves that have put the brakes on U.S. dollar selling. Sterling hit a 10-month high of $1.2545 last week and bounced with strong wages data on Tuesday. It was last at $1.2420. The euro hit a one-year high above $1.10 last week and lurked at $1.0969 in Asia trade on Wednesday.

Elsewhere, Brent crude futures were steady at $84.52 a barrel, roughly where they have traded for a few weeks since OPEC+ announced surprise production cuts. Gold held above $2,000 an ounce and bitcoin above $30,000.

Inflate my ass, someone has gotta fucking stop these high ass prices.

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Stocks slip as focus falls back on FedStocks eased on Wednesday, while the dollar was under a little pressure, as traders shifted focus from U.S. banking stress to expectations for an imminent peak in the Federal Reserve's interest rate cycle.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

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Stocks may drop if bank fears choke growth, Fed beat inflation: SiegelStocks may slump if banking fears choke growth - and the Fed should end its inflation fight, Wharton professor Jeremy Siegel says
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Stocks are in danger with Fed pause already priced in: Morgan StanleyStocks are entering a danger zone as they're already pricing in a Fed pause, top Morgan Stanley strategist says
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »

Oil dips as potential Fed rate hike overshadow falling stocksOil drifted lower on Wednesday as the market weighed potential interest rate hikes from the Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Anyone with at least $100 extra should put it in a high interest savings account to take advantage of the interest rates. Google to see who is offering them.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

Wall St muted as investors focus on earnings, Fed cuesWall Street's main indexes were little changed on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could provide cues on when the central bank will pause its monetary tightening. 😭😭 Tomorrow it will be a different bi-polar reason. And the next day. And the next day. Until it comes back around for recycling.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »