Apple Inc is expected to report its first rise in quarterly revenue in a year, when it releases first-quarter results, buoyed by sales of the revamped iPhone 7. Apple is forecasting all-time record revenue of between $76 billion and $78 billion, and investors and analysts will be looking out for the company’s comments on the smartphone industry and expectations for its next iPhone range.
The Federal Open Market Committee begins a two-day meeting on interest rate policy. The U.S. central bank, which has forecast three rate hikes this year, is expected to leave rates unchanged at its first meeting since Donald Trump became President. The Fed lifted its benchmark overnight interest rate in December by 25 basis points to a range of 0.50 percent to 0.75 percent.
