Stock Market Today: Stocks slide, Treasury yields steady as Fed decision looms

U.S. equity futures moved lower Wednesday, while the dollar added to recent gains against its global peers and Treasury bond yields steadied, as investors braced for a key rate decision from the Federal Reserve later in the session.

The Fed rate decision at 2:00 pm Eastern time, with Chairman Jerome Powell's question-and-answer session with the media thirty minutes later, will undoubtedly be the day's focus, however, as investors look for more clarity on the central bank's rate path heading in to 2024 as the economy continues to outperform and the labor market adds to near-term inflation pressures.

The U.S. dollar index, which tracks the greenback against a basket of six global currencies, was marked 0.1% higher overnight at 106.759 as the yen weakened further, to a one-year low of 151.21 against the dollar, following yesterday's Bank of Japan rate decision.

Canada Canada Latest News, Canada Canada Headlines

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

Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meetingStocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.
Source: startelegram - 🏆 248. / 63 Read more »

Stock Market Today: Treasury refunding, Fed decision to shape pivotal sessionLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Source: MarketWatch - 🏆 3. / 97 Read more »

In the Market-Treasury market braces for seismic SEC ruleIn the Market-Treasury market braces for seismic SEC rule
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyedStock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
Source: AP - 🏆 728. / 51 Read more »