Stock futures hug the flat line as the market waits for the Federal Reserve to announce a decision on interest rates and policy, while several economic...
U.S. stock futures slipped on Wednesday ahead of the outcome of a Federal Open Market Committee meeting, and on the heels of another record-setting day for Wall Street.
What’s driving the market? All three major benchmarks logged record closing highs for a third straight trading session, the first time that has happened since December 2019. Resilient corporate results have done much of the heavy lifting for stocks recently. “The QE [quantitative easing] taper announcement will likely be seamless, what may be less seamless is the rate discussion. Now that the major central banks are shifting toward a more hawkish policy stance, except for Japan and the European Central Bank , there is a rising pressure on the Fed to start thinking about ‘thinking about’ raising rates,” said Ipek Ozkardeskaya, senior analyst at Swissquote, in a note to clients.
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