Market View: US Fed’s decision, Earnings expectations from McDonald’s, General Motors and more, BoE and ECB rate decisions, China’s budget deficit jumped to a record 8.96 trillion yuan

Your Way Home with Hongbin Jeong · Jan 31, 2023 · 12m

The US and China economies are in focus today with Federal Reserve officials set to meet later today to decide on their next monetary policy move. Observers are now expecting the Fed to raise interest rates by 25 basis points after the series of outsized hikes. But when and at what point will the Fed pivot away from their hawkish stance? In the meantime, earnings continue to drive stock movements with earnings from Mcdonalds and General Motors on deck for the day. To what extent can this batch of earning reports help investors gain clues on the state of the US economy? Back in Asia, China’s…