Fed decision, BOJ, Microsoft, Meta Platforms - what's moving markets
Investing.com -- The Bank of Japan hiked interest rates earlier Wednesday, putting the focus on the Federal Reserve, which concludes its July meeting later in the session. Wall Street looks set to end the month on a positive note as investors digest earnings from the likes of Microsoft.started the week’s central bank parade earlier Wednesday, raising interest rates and signaling its resolve to unwind a decade of massive monetary stimulus.
This trend furthered the central bank’s forecast that inflation will climb to its 2% annual target sustainably, and that monetary conditions will have to tighten accordingly. The Federal Reserve concludes its two-day policy meeting later in the session, and investors will be looking for clues over the timing and number of rate cuts to expect this year., on the other hand, is on track to finish the month higher by more than 4%, as the market rotated out of the major tech stocks into companies that are smaller and more cyclically oriented.
Additionally, AI-related growth accounted for about 8% of Azure's total growth, up from 7% in the third quarter. "We remain positive on Meta and think Reels, Messaging and AI-driven ad improvements are still early, and could lead to positive product surprises and revenue upside," analysts at BofA Securities said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoJ’s Kamiyama: BoJ wants to maintain accommodative monetary environment as much as possibleKazushige Kamiyama, a senior Bank of Japan (BoJ) official and the central bank’s Osaka branch manager, said on Thursday that the BoJ wants to maintain an accommodative monetary environment as much as possible, per Jiji News.
Read more »
Asia FX firms as dollar dips with Fed, BOJ on tapAsia FX firms as dollar dips with Fed, BOJ on tap
Read more »
Dollar, yen hold tight ranges ahead of BOJ, FedDollar, yen hold tight ranges ahead of BOJ, Fed
Read more »
Oil slips, Asia stocks dip ahead of Fed, BOJOil slips, Asia stocks dip ahead of Fed, BOJ
Read more »
Asian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth lowAsian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth low
Read more »
BOJ to debate rate hike timing as Fed opens door to cutsBOJ to debate rate hike timing as Fed opens door to cuts
Read more »