Investors started to observe Bloomberg’s survey for the next May’s FOMC meeting, which projects an increase to the Fed’s benchmark rate by 50 bps to 0.75%-1.00%. Previously, the Fed has increased the benchmark rate by 25 bps to 0.25%-0.50% at the end of March 2022. Other than the banking sector, investors will inspect the 1Q22 performance releases of some issuers in the consumer sector this week. NHKSI Research projects JCI to move in the range of 7,150-7,400 in the four trading days this week.
Download full report HERE.
