Travel Stocks Rebound, Fed Watch for Rate Cuts

0:00On March 17, travel stocks made a comeback today after recent dips tied to the U.S. and Israeli strikes on Iran and higher energy costs. Shares of Delta and American Airlines climbed as both raised their revenue outlooks for this quarter. Norwegian Cruise Line and Expedia also posted gains. The Federal Reserve kicked off its two-day policy meeting today, with traders betting on no change to interest rates tomorrow. traders now pointed just one quarter-point cut by year's end, scaled back from two earlier expectations due to the conflict. Investors worry the oil price surge could fuel inflation, prompting a tougher stance from the Fed. One strategy noted the risk if officials see it as a lasting shock rather than temporary. Meanwhile, Australia's Central Bank raised rates again, citing war-related inflation dangers. Uvershares jumped on news of robotaxi launches in 28 cities next year using Nvidia Tech. Energy firms like Occidental and Connacle Phillips rose with crude prices, though Honeywell

1:03slipped over potential first quarter hits from the middle. East tensions. Markets ended mostly higher, with the S&P 500 of a quarter percent at 6,716, the Nasdaq ahead nearly half-a. Percent at 22,485, and the Dow edging up a tenth to 47,000. I stay on the Fed's next move amid these global ripples.