Reserve Bank Of Australia Raises Rates: Signs Of Global Recession

Futures are lower as FOMC meeting begins. Jeffrey Kleintop discusses this, in addition to how the Reserve Bank of Australia raises rates by 25BPS to 3.85%. He looks at the Eurozone CPI for April 2023 which was released today, May 2nd. He examines some of today's notable ecodata which includes factory orders and JOLTs. He talks about the signs of recession in the global economy. He then goes over the state of China's reopening. He highlights some tensions weighing on China stocks. Tune in to find out more about the stock market today.