US Markets Wrap: May the Fed be with you, says OANDA's Kelvin Wong episode artwork

EPISODE · May 3, 2023 · 8 MIN

US Markets Wrap: May the Fed be with you, says OANDA's Kelvin Wong

from US Markets Wrap · host MONEY FM 89.3

Stocks fell after the Federal Reserve raised rates by 25 basis points, as widely expected. Rates were raised by another quarter-point to a target range of 5% to 5.25%, the highest level since 2007. Kelvin Wong, Senior Market Analyst at OANDA shares his take on the notable movers overnight, the risk of a recession and whether he thinks the banking sector is healthy at this point.  See omnystudio.com/listener for privacy information.

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US Markets Wrap: May the Fed be with you, says OANDA's Kelvin Wong

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