People walk in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, June 12, 2024, in Tokyo. – Shares were mixed Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates.
Trading was subdued Tuesday on Wall Street ahead of a key inflation report and the Federal Reserve's policy decision. Wall Street expects the government’s consumer price index to remain unchanged at 3.4% in May. Inflation as measured by CPI is down sharply from its peak at 9.1% in 2022, but it has seemingly stalled around 3%. That has complicated the Fed’s goal of taming inflation back to its target rate of 2%.
The economy has remained resilient with support from a strong jobs market and consumer spending. Consumers are becoming increasingly stressed, especially those with lower incomes, and retailers have been warning investors about the potential impact to earnings and revenue. The U.S. jobs market has been showing some signs of cooling, which could ease inflation but put more stress on consumers.climbed 11% on news that the buy now, pay later company will be integrated into Apple Pay.
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Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates.
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Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages have raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will issue a policy decision on Friday.
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Stock market today: Asian shares decline after a mixed post-holiday session on Wall StreetShares have fallen across Asia after a mixed session on Wall Street. Oil prices also rose. The International Monetary Fund raised its forecast for China's economic outlook, saying it expects the No. 2 economy to grow at a 5% annual pace this year. On Tuesday, the S&P 500 closed little changed, just below its record set a week ago.
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Stock market today: Asian shares are mixed after US holiday quietShares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday.
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Stock market today: Asian shares are mixed after US holiday quietShares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday.
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