Dow Jones goes flat as investors draw into the middle pre-Fed rate call.
FOMC Interest Rate Projections also dropping on markets.
Press conference from Fed Chairman Jerome Powell due after FOMC release.
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. The FOMC’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. (BA) 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. (CVX) is down nearly 1.5% in midweek trading, testing into $154.00 per share.
The Materials and Industrials Sectors are Wednesday’s early climbers, rising around 0.4% in midday pre-Fed trading. The Health and Energy Sectors are falling into the low side, falling 0.7% and 0.6%, respectively.
Edited 23 Mar 2024, 07:46
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