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Cancel the recession, the Fed's staff says

"[G]iven the resilience of the economy recently, they are no longer forecasting a recession." ....

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Central bank monetary actions could diverge in coming months

Central bank monetary actions could diverge in coming months
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S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal

The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity prices. APAC stocks may follow lower at . ....

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