These stocks could break out to new highs on a market-friendly Fed decision

Wall Street is anxiously awaiting forward guidance from the Federal Reserve . While CME Group data that measures futures market pricing suggests the central bank will leave benchmark interest rates unchanged on Wednesday, chances of of a rate hike in November are hovering around 29%. The central bank's effort to tame inflation has been a cornerstone of investor sentiment for much of 2023 and could suggest where stocks head for the rest of the year.

screened market data using the new Pro Stock Screener tool to find stocks trading near their respective 52-week high that meet the following criteria: Shares are trading within 5% of a new 52-week high S & P 500 stock Average analyst rating of buy Average analyst consensus forecasts a rally of 10% or more Biotechnology stock Boston Scientific is trading less than 4% away from a fresh 52-week high, with shares closing at $53.03 on Tuesday. Boston Scientific's previous 52-week high stood at $54.99 .

mountain Arch Capital Group stock has added more than 29% from the start of the year.

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Stock market today: Global shares mixed ahead of Federal Reserve interest rate decisionGlobal shares are mixed in cautious trading ahead of the Federal Reserve’s decision on interest rates later in the week.
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