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U.S. Stocks Trade Lower Ahead of Fed's May Policy Meetings
U.S. stock futures are lower ahead of the Federal Reserve’s two-day policy meeting, which begins today and concludes on Wednesday.
Economists are largely anticipating a 25 basis-point rate hike as part of the Fed's ongoing efforts to combat inflation, which eased from 6% in February to 5% in March on an annual basis. While inflation is showing signs of slowing, it remains above the Fed's long-run target rate of 2%.
The next Consumer Price Index (CPI) report for April 2023 is scheduled for release at...