Asian Markets Slip Ahead of Fed Meeting; Oil Falls Over $1 as Israel-Gaza War Continues
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Asian shares slipped Monday ahead of a Fed interest rate decision this week. U.S. futures gained while oil prices fell over $1 a barrel.
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The Israeli military conducted incursions into Gaza over the weekend as the war with Hamas continues. Netanyahu warned of a "long and difficult" war.
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A mixed set of U.S. economic reports didn't appear to change expectations that the Fed will keep rates unchanged at its meeting Wednesday.
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U.S. consumer inflation expectations are rising, concerning the Fed. Stocks stumbled Friday, with the S&P 500 falling into a correction.
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Amazon stock rose following better-than-expected profit. Intel also helped support the market after reporting much stronger earnings than expected.