May 7th, 2025
Stocks Steady Before Fed | Open Interest 05/07/2025
US stocks jump in early trading as investors cling to hopes that the US and China will begin trade talks this weekend. Meanwhile, it's showtime for Powell, and Trump is watching. The Fed is expected to keep rates on hold despite the president's pressure to cut. The Oracle of Wall Street, Meredith Whitney, tells Bloomberg Open Interest that she's expecting unemployment to hit 6% this fall. And earnings season is still underway with results from Disney announcing a new theme park in Abu Dhabi.



