Daily digest market movers: Ahead of Fed
- The US is mulling to impose sanctions on chips and technology companies from China, Bloomberg reports.
- Ahead of the Fed, the Mortgage Bankers Association has released the weekly Applications Index at -1.6% . The previous number was an increase of 7.1%.
- The Fed Rate Decision release is taking place at 18:00 GMT, which includes:
- The Monetary Policy Statement
- The FOMC Economic Projections
- Near 18:30 GMT, US Fed Chairman Jerome Powell will speak to markets and deliver his statement followed by a Q&A with the press.
- Equities are in the red again despite the US closing bell saw all major indices closing off in the green after the eventful Tuesday.
- According to the CME Group’s FedWatch Tool, expectations for a Fed pause in today’s meeting are at 99%, while chances of a rate cut stand at 1%. For the next meeting on May 1, 92.4% see the rate unchanged, with 7.5% opting for a rate cut..
- The benchmark 10-year US Treasury Note trades around 4.28%, a touch softer than Tuesday.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.