"Stock Market Awaits Fed Meeting, Instacart IPO in Focus"

1 min read
Source: The Wall Street Journal
"Stock Market Awaits Fed Meeting, Instacart IPO in Focus"
Photo: The Wall Street Journal
TL;DR Summary

Instacart's IPO begins with a price of $30 per share, valuing the grocery-delivery firm at $9.9 billion; the Federal Reserve starts its two-day meeting, expected to maintain interest rates but concerns arise over potential future raises due to inflation; U.S. stock futures slightly increase; Klaviyo's IPO is also anticipated to price; oil prices continue to rise; central bank decisions are expected from the Bank of England, Bank of Japan, and Turkey's central bank.

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