Wednesday: US stocks down before FOMC
May 06, 2025•9 min
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Episode description
US stocks fall on a lack of trade deals ahead of tomorrow’s FOMC decision. The US trade deficit blows out on import stockpiling ahead of Trump’s tariffs. The UK signs a trade deal with India, and China’s consumers spend strongly over a holiday weekend.
In our bonus Deep Dive interview, ANZ’s Senior Rates Strategist Jack Chambers explains how Australia’s A$4 trillion pension savings system is reducing the nation’s previous reliance on foreign capital.
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