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Traders will get a new look at the prospects for interest-rate cuts at the conclusion of the Fed's Wednesday meeting, potentially modifying investors' anxiety about what is next for the stock market.
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U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business
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China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
'Roaring Kitty' Came Out of Hibernation. Is the Meme Stock Craze Back?
All it took was a tweet. Shares of GameStop and other pandemic-era meme stocks took off. Keith Gill’s social-media accounts had been dormant for years. Known as “Roaring Kitty” on YouTube and “DeepF—ingValue” on Reddit, Gill helped direct the ...The Wall Street Journal - World -
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It was supposed to be the next Tesla. Instead, its first car was likened to "undercooked dough."The Wall Street Journal - World -
Boeing Violated Criminal Settlement After 737 MAX Crashes, Justice Department Says
The U.S. government could seek to extend a probationary period for the plane maker or prosecute it for earlier misconduct.The Wall Street Journal - World -
JPY Weakens Amid Mild Risk-on Sentiment
JPY weakened against most other G-10 and Asian currencies in the early morning session amid mild risk-on sentiment spurred by Fed rate-cut hopes.The Wall Street Journal - World