With the Federal Open Market Committee kicking off its two-day policy meeting, where central bankers are expected to announce a 0.75 percentage point rate hike, the Fed decision on Wednesday may once again be followed by stock-market gains, according to DataTrek Research co-founder Nicholas Colas.
“No guarantees that this will happen again this Wednesday, of course, but we would not be surprised to see traders front-run this fact tomorrow,” Colas noted. According to Colas, the phenomenon of a “Fed Drift”, which sees that equities have tended to rally into and through FOMC meetings and hold their gains the day after, no longer works.
See: Why stock-market investors fear a full percentage point Fed rate hike would ‘unnerve’ Wall Street
I hope so
500 basis points! 😁😄🤣
Depends if they peel,tug or rip the bandaid off 🤷♂️
Without doubt
Not if they go with a 100 basis point hike
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks rise ahead of expected interest rate hike by FedStocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve.
Source: KPRC2 - 🏆 80. / 68 Read more »
US stocks fall broadly ahead of key Fed decision on ratesStocks have been slumping and Treasury yields rising as the Fed raises the cost of borrowing money in hopes of slowing down the hottest inflation in four decades. Hopefully the mkt has priced in the rate hike.
Source: AKNewsNow - 🏆 460. / 53 Read more »
European Stocks Set to Slip at the Open as Traders Await This Week's Fed MeetingEuropean markets were seen opening slightly lower Monday, after a tough week which saw stocks fall across the board.
Source: nbcchicago - 🏆 545. / 51 Read more »
Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’Bitcoin, Ethereum and most altcoins turned red ahead of the Federal Reserve’s Sept. 21 rate hike announcement, but horushughes says XRP, $ALGO and $LDO could be possible standouts. HorusHughes I can t ggeet why eeveeryonee maskingg this from us The greatest underground secret of Uniswap $MIKOTO MIKOTOMOB The new billion dollar Asian cryptocurrency bubble is emerging and MIKOTO is the market leader.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Dow gains 200 points as stocks finish higher ahead of September Fed meetingU.S. stocks finished higher on Monday as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The Dow Jones Industrial Average gained 197.26 points, or 0.6%, to 31,019.68:
Source: MarketWatch - 🏆 3. / 97 Read more »
US stocks rise ahead of expected interest rate hike by FedA choppy day of trading on Wall Street ended with stocks closing higher Monday as investors brace for another big interest rate increase this week from the Federal Reserve. Blame this clown 🤡
Source: AP - 🏆 728. / 51 Read more »