while also leaving the door open on future actions to bring down inflation.
"I think the market is correct in expecting the Fed to skip this meeting" and"maintain its vigilance," Marvin Loh, State Street senior global macro strategist, told Yahoo Finance Tuesday. The Fed, he added, will keep"optionality for another hike before they are done with the tightening process." But while many expect just one more rate hike, the bigger question may be how long will the Fed stay on hold at elevated levels. Will officials still see 100 basis points of rate cuts next year or will there be fewer rate cuts projected, implying rates will remain higher for longer?
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.
Stock futures step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street drifts ahead of Fed's next meeting on interest ratesNEW YORK (AP) — U.S. stocks edged higher as Wall Street makes few big moves in advance of the Federal Reserve’s next meeting on interest rates. The S&P 500 closed virtually unchanged Monday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian shares decline ahead of Fed decision on ratesTOKYO (AP) — Asian shares declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve. Japan's Nikkei 225 fell 0.6% to 33,055.98. Australia's S&P/ASX 200 slipped 0.6% to 7,155.10. South Korea's Kospi edged down 0.3% to 2,551.95. Hong Kong's Hang Seng dipped 0.3% to 17,935.72, while the Shanghai Composite shed 0.3% to 3,117.25. Trade data for Japan showed exports fell 0.8% last month from a year ago, marking the second straight month of declines, as exports to China
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street drifts again ahead of Fed decision on ratesNEW YORK (AP) — Stocks are drifting again as Wall Street waits for the Federal Reserve’s latest decision on interest rates. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.
Source: SooToday - 🏆 8. / 85 Read more »