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Markets in anticipation of the Fed meeting
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Loading...The Fed is scheduled to start a two-day monetary policy meeting on Tuesday stateside. Expectations for any policy changes are low, but investors will look for clues about potential rate cuts this year.
Recent speeches by Fed officials, including Fed chair Jay Powell, have indicated a growing wariness of the inflation outlook and a willingness to act if required. We expect the (Federal Open Market Committee) to formalise this view on Wednesday by hinting that near‑term cuts to the Fed funds rate are coming.
The Fed will make its monetary policy announcement on Wednesday.
The market has priced in a rate cut by the Fed to a significant degree, so the market is waiting for next week's Fed meeting as a chance to see by how much and for how long it is ready to ease policy.
The US dollar index, tracking green money against a basket of currencies, rebound from 200SMA, and we are now seeing a rise in the USD whether this will be a correction or a reverse we are going to see.
Oil futures are trading slightly lower, although tensions in the Middle East remain high after attacks on two oil tankers in the Gulf of Oman, with the Pentagon preparing to send about 1,000 US soldiers to the region.
Trader Georgi Bozhidarov Read more:
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