Stock market today: US stocks in holding pattern in wait for Fed decision

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Policy Decision News

Nasdaq Composite,Federal Reserve

Investors are waiting to find out how aggressive the Fed will be when it makes its first interest rate cut since 2020.

US stocks were little changed on Wednesday as investors braced for the Federal Reserve's long-awaited policy decision, with the market still divided on the size of the expected rate cut. The tech-heavy Nasdaq Composite rose about 0.2%. The S&P 500 was just above the flat line, while the Dow Jones Industrial Average slipped 0.2%.

Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut In recent days, traders have stepped up bets on a bigger cut even after Fed officials earlier in September flagged they were more likely to trim the benchmark rate by 25 basis points. As of Wednesday morning, fed funds futures were pricing in a better than 60% chance the Fed goes large, up from just 15% odds a week ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow ekes out another record as investors await Nvidia earningsStocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures stall as investors bide their time ahead of Nvidia earningsInvestors are holding back ahead of the AI bellwether's earnings report, seen as crucial to keeping confidence in the broader market aloft.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tech leads losses as investors await Nvidia earningsInvestors are holding back ahead of the AI bellwether's earnings report, seen as crucial to keeping confidence in the broader market aloft.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »