day for U.S. Federal Reserve Chair Jay Powell, as the world’s most-influential central bank is poised to deliver its latest rate decision. Powell & Co. are widely expected to slow their roll when it comes to the scale of rate increases, with average economist forecasts calling for a quarter point hike after a string of super-sized increases. Still, that would bring the target range for the Fed to 4.5-4.
U.S. Trade Representative Katherine Tai is doubling down in America’s fight against Canadian dairy import policies, launching yet another challenge to how Ottawa distributes dairy tariff rate quotas Shares of Snap Inc. are taking it on the chin – down 15 per cent in the premarket – after the social media company forecast its first-ever quarterly revenue decline as advertising concerns mount. For what it’s worth, that seems to be souring sentiment across the board – other ad-dependent businesses like Meta and Pinterest are posting modest declines, seemingly in sympathy.
Shares of AMD are rising in the premarket, up about four per cent, after the maker of computer processors delivered a better-than-expected forecast for the first quarter.Notable data: S&P Global Manufacturing PMI, ADP National Employment Report, S&P Global Manufacturing PMI, U.S. Construction Spending, U.S. Job Openings and Labor Turnover Survey1400: FOMC Announcement