The Dow Jones Industrial Average (DJIA) is churning at the day’s opening prices as investors brace for the latest Federal Reserve (Fed) rate call as well as a much-anticipated update to the Federal Open Market Committee’s (FOMC) Interest Rate Outlook.
Dow Jones goes flat as investors draw into the middle pre-Fed rate call.
Interest Rate Projections also dropping on markets. Press conference from Fed Chairman Jerome Powell due after release. The Dow Jones Industrial Average is churning at the day’s opening prices as investors brace for the latest Federal Reserve rate call as well as a much-anticipated update to the Federal Open Market Committee’s Interest Rate Outlook. The
’s rate call and rate forecast are due at the top of the hour at 18:00 GMT, with Fed Chairman Jerome Powell tabling a press conference 30 minutes later at 18:30 GMT. Dow Jones news The Dow Jones is mixed on Wednesday, with about half of the 30 listed securities trading into the low side. Boeing Co. is seeing a brief recovery from recent selling pressure, climbing around 2.3% to trade into $185.00 per share. On the bottom end, Chevron Corp. is down nearly 1.
is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. What is Quantitative Easing and how does it impact USD? In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing .
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