Federal Reserve meeting, market predictions, the trading day ahead. 5/3/22

The Federal Reserve is kicking off a two-day meeting today, which is expected to end in a 50 basis point hike. But word on the street is that the Fed might be even more aggressive, especially in light of Tuesday’s news that Australia has hiked its interest rate for the first time in over a decade. Stephen Halmarick of the Commonwealth Bank of Australia and Priya Mirsa of TD Securities discuss their predictions for the meeting’s outcome. Plus, what does the Fed’s fight against inflation mean for the markets today? Mark Haefele of UBS Global Wealth Management joins us to discuss inflation modulation, moderating growth, and asset allocation. And, as anticipation for the Fed decision looms over the market, how much damage has been done? Eric Beiley of Steward Partners Global Advisory and Jason Snipe of Odyssey Capital Advisors give us their take.