U.S. stocks swung between gains and losses on Tuesday with investors largely making cautious moves ahead of the Federal Reserve's monetary policy announcement.
The Fed, which is scheduled to announce its policy on Wednesday, is widely expected to hike interest rates by 50 basis points. Goldman Sachs and JP Morgan Chase & Co. said they expect the Fed to raise interest rates by 75 basis points.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.