US stocks declined on Wednesday as investors prepare for the Federal Reserve's interest rate decision and press conference led by Chairman Jerome Powell.
The Fed is expected to lift rates by 25 basis points after pausing at last month's meeting. The CME FedWatch Tool shows a 99% chance of a rate hike later today. Investors will look for guidance from Powell as to whether this will be the last increase of the cycle, or if more are likely later this year.
"While the CPI has cooled off to 3% on July 12th, we are still [above] the Fed's target level of 2%. This leads us to believe that the FOMC will continue to target optionality at each upcoming meeting based on where economic data prints in the coming weeks and months," Clear Street's director of repo trading Victor Masotti told Insider.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market news today: Dow Jones notches 11th straight winDow notches 11th straight win as traders look to big tech earnings, Fed meeting
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Stock market news today: Dow notches its 12th straight winDow notches 12th straight win as US stocks rally ahead of Fed policy decision
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Stock market outlook: 100-year-old Dow Theory buy signal just flashedA more than 100-year-old buy signal just flashed in the stock market
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
Stock market news today: Stocks mixed as Fed begins 2-day meetingUS stocks trade mixed as the Fed begins its 2-day policy meeting
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »