From Investing.com: 2025-05-06 04:35:00

Market sentiment has improved, but concerns of a recession linger as the economy contracted 0.3% in the first quarter. Despite President Trump’s softened trade stance, investors are cautious about the impact of tariffs on the economy. The Fed is expected to hold rates steady, with a focus on the statement and press conference. While some policymakers are concerned about inflation risks from tariffs, strong payrolls data may keep the Fed from cutting rates further. The Euro/Dollar pair could move lower, but technical indicators suggest any dollar gains may be limited, with support at $1.1150 and resistance at $1.1575.



Read more at Investing.com: Will the Fed Maintain Its Wait-and-See Approach?