The Fed expects to cut rates only once this year, down from the three quarter-point reductions projected after slow progress towards its inflation target.
Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package."We think investors should buckle up for what could be a volatile week for shares ahead of Tesla's annual meeting on Thursday," said a note from CFRA Research's Garrett Nelson.
Tesla In Last-minute Shareholder Sprint For Huge Musk Pay Package ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
The Fed expects to cut rates only once this year, down from the three quarter-point reductions projected after slow progress towards its inflation target.