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- Top 3 things you need to know about the market on Wednesday
Top 3 things you need to know about the market on Wednesday
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Loading...1. Markets are waiting for Powell's speech
The Fed is not expected to take action on interest rates at the end of its two-day policy meeting at 20:00 (GMT +2), keeping interest rates between 2.25% and 2.5%.
Fed Chairman Jerome Powell will hold a press conference half an hour after the publication of the report on monetary policy.
The US central bank will also publish new forecasts of economic growth and interest rates known as dot-plot. The Fed's December projection implied two hikes this year, but the new one is widely expected to anticipate, at most, a single increase.
The Fed is also expected to develop a plan to cut its $ 4 trillion balance or quantitative tightening.
2. The British Prime Minister will demand a short-term delay of Brexit
The British pound remains a hostage to Brexit's titles.
Only 9 days before the exit date of March 29, British Prime Minister Theresa May will demand a short-term postponement of Brexit in a letter to European Council President Donald Tusk after her plan for the third vote was rejected by the Speaker of Parliament earlier this week.
But the final length of the postponement was not clear against the background of political chaos in London.
Earlier, May had warned parliament that if it does not ratify its deal, it will ask Brexit to postpone after June 30, a step that Brexit defenders believe would threaten the entire divorce.
3. Wall Street is ready to open higher
US stock index futures are ready to open higher as investors are awaiting the decision of the US Federal Reserve, and they are expected to shed more light on their interest rates for the rest of the year.
Market participants will also be watching all the important events surrounding the US-China trade war after reports that US officials are concerned that China is reneging on US demands in trade talks.
Dow's blue chip futures rose by 24 points or by about 0.1%, S & P 500 futures rose by 3 percentage points, or around 0.1%, while Nasdaq 100 technical futures showed a 7-point increase, or approximately 0.1%.
Trader Milko Zashev Read more:
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