
The Markets
Investors stick to sidelines ahead of ‘colossal’ Fed meeting
Wednesday 4th of May 2022
The S&P/NZX 50 Index fell just 7 points (0.01%) to 11,675.21. Turnover was unusually light at $85.6 million.
Stephen Innes, a managing partner at SPI Asset Management, said financial markets were in a “holding pattern” ahead of the “colossal” Fed meeting.
Investors generally expect a 50 basis points (bps) hike and some quantitative tightening to...
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