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Oil declines while stocks are muted as 'all eyes are on the Fed' on rate-decision day

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Traders are weighing Saudi oil supply and Fed policy. 'How many more there are to come?' asks one analyst of Fed rate cuts.

Markets on Monday morning were muted, with US futures notching down, while European stocks opened rising marginally as"all eyes are on the Fed." The sentiment across the board is that traders are waiting for the Fed's decision on a rate cut — most think that one is coming it's just how big a cut. Oil prices also slipped after falling sharply on Tuesday, but are still well above pre-strike levels. View Markets Insider's homepage for more stories.

Markets on Monday morning were muted, with US futures notching down, while European stocks opened rising marginally as"all eyes are on the Fed." The sentiment across the board is that traders are waiting for the Fed's decision on a rate cut — most think that one is coming it's just how big a cut. Oil prices also slipped after falling sharply on Tuesday, but are still well above pre-strike levels. View Markets Insider's homepage for more stories.

 

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