Your 2-minute market wrap. Stocks steady but all eyes on the FOMC next week.
"GDP increases 1.7 percent in June 2022 quarter" $ New Zealand Dollar - main 2209(NZDmain)$
A lift in the participation rate pushes the unemployment rate to 3.5% from 3.4%. 33.5k jobs added, below 35.5k forecast. $Australian Dollar - Sep 2022(AUD2209)$
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$
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Comments
next week should see 75bp increase. Small chance of 100bp. either way, market already priced in.