The Fed's Powell said Wednesday that recently low inflation pressures may just be "transitory," hinting that a rate cut may not be on the horizon, which disappointed traders. Powell's comments sparked a sudden sell-off in the previous session, with the Dow closing more than 150 points lower.
The Fed Chairman's comments followed the central bank's decision to leave rates unchanged, citing lackluster inflation. Ahead of the meeting, U.S. PresidentMeanwhile, investors also have an eye on the U.S. jobs data for April, with nonfarm payrolls set to be released later on Friday stateside. "Payrolls tonight are expected reveal still robust levels of payrolls growth but there'll be more than one eye on what the report says about average earnings growth that's expected to grow a meagre 0.1%," David de Garis, a director and senior economist at National Australia Bank, wrote in a morning note., which tracks the greenback against a basket of its peers, was at 97.832 after rising from levels below 97.6 yesterday.
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แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »
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แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »
Market bull skips high-flying FAANG names in favor of consumer playsCrossmark Global Investments' Victoria Fernandez believes the consumer will drive the next leg of the record rally. TradingNation I thank you. Dumb advice TradingNation
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
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Major Wall Street banks are telling clients to be ready for a sudden rip higher in the marketWall Street firms have a playbook for a potential rapid move higher in stock markets.
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