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Asking for a Trend host Josh Lipton previews the top market and economic stories to come on Wednesday, May 7, including the Federal Reserve's May interest rate decision followed by a press conference with Fed Chair Jerome Powell earnings from companies like Zillow (Z, ZG), AMC Entertainment (AMC), and Occidental Petroleum (OXY); and, lastly, Julie Hyman's interview with FedEx (FDX) CEO and President Raj Subramaniam.
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Time now for what to watch. All eyes will be on interest rates. The Federal Reserve is wrapping up its May meeting and policymakers are tasked with evaluating the economic landscape. They want to see if adjustments to interest rates should be made. Decision comes amid tariff policies from the White House and other factors. We will carry Federal Reserve chair Jerome Powell's announcement right here on Yahoo! Finance. That's live tomorrow, Wednesday, at 2:00 p.m. Eastern. Gonna turn to earnings now. Several companies are reporting tomorrow. We're going to be watching Oxy, AMC, Beyond Meat, and Zillow, just to name a few. For online marketplace Zillow, this quarter analysts are expecting Zillow's revenue to grow 11.4% year on year. That would be to $589.4 million. There has been positive sentiment among investors in the real estate services segment with share prices up around 9% on average over the last month alone. And be sure to tune in tomorrow. You're going to want to watch our sit-down interview with the CEO of shipping giant FedEx. Our very own Julie Hyman is in Memphis at the company's HQ. We're talking tariffs, leadership, and how FedEx is navigating deliveries in uncertain economic times.
