The S&P 500 SPX index rose Tuesday to post its highest close in more than two weeks on the eve of the most eagerly awaited Federal Reserve policy decision since the early days of the COVID-19 pandemic.
“The market did climb impressively yesterday to produce a new reaction high in the S&P 500. By itself I guess that’s a good sign, though I would have preferred to see such strength come after the Fed meeting and not before,” said technical analyst Andrew Adams in a Wednesday note for Saut Strategy. Fed Chair Jerome Powell’s news conference and an updated forecast of individual policy makers’ interest rate expectations will be closely watched for clues to the outlook for rates in the months ahead. A signal that the Fed is prepared to pause or possibly cut rates in the future would likely be taken as a positive for equities, Adams and other analysts have said.
Powell and FOMC must consider financial stability above all else, otherwise risks freezing credit markets…
liorimbault
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fed meeting: 4 key questions amid banking crisis, stock market forecastAs the Fed meets on Wednesday after bank runs, a market analyst shares 4 key questions investors desperately need answered — and his prediction for how stocks will react
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Stock market news today: Indexes jump ahead of Fed interest rate moveUS stocks jump as investors prepare for interest rate decision from the Fed
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »