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What to look for at the Fed meeting
The Fed is likely to hog the limelight this week. They’re all set to announce the first rate hike since 2018 but they won’t be hiking alone. All but the most dovish central banks are on the same path. It’s the speeds that differ.
Stock of the week: Apple
Early on Monday, the news broke in Asia that Foxconn, one of Apple’s major suppliers, had halted production in the tech and manufacturing hub of Shenzen. Authorities have imposed a lockdown on the city and ordered factories to close.
Fed meeting preview 25 bps hike expected
Expectations are for the Fed to hike rates by 25bps at the March meeting which seems likely but traders should carefully watch the dot plot which indicates Fed members’ views of future rate hikes which could exceed market expectations.
Tesla forced to raise prices
When commodities rally, companies that use these raw materials in their products have tough decisions to make. Do they increase prices and pass the cost onto the consumer? Or absorb the cost and take a hit on their profit margins?
Euro in recovery mode ahead of ECB meeting
The euro’s finally seeing some relief. EURUSD hit a low of 1.0805 before bouncing back on Tuesday into the & 1.0950 zone and ripping higher towards 1.11 on Wednesday.