For subscribers
Market watch
All eyes on US Fed’s upcoming rate-setting meeting
Sign up now: Get ST's newsletters delivered to your inbox
Despite all the negative news flows and shocks, equity markets are generally up in 2023.
PHOTO: REUTERS
Follow topic:
SINGAPORE - This is probably going to be one of the most consequential weeks of the year for financial markets as governors of the US Federal Reserve gather to decide on their next move on the Fed funds rate.
At their May 2-3 Federal Open Market Committee meeting, Fed chairman Jerome Powell and his fellow governors will have to consider a myriad of conflicting data points, which include a stubbornly tight labour market, full employment, a looming recession, falling corporate earnings and plateauing
prices.
