Loan Digest

U.S. stock futures drift higher as traders await Fed decision and Powell's comments

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

U.S. stock-index futures were higher early Wednesday, with traders in no mood to be brave ahead of the Federal Reserve's interest-rate decision and comments.

U.S. stock-index futures were slightly higher early Wednesday, with traders in no mood to be brave ahead of the Federal Reserve’s interest-rate decision and comments, while oil prices retreated further from 10-month highs and Treasury yields also eased from multi-year highs.

“Investors are naturally apprehensive that Wednesday’s FOMC press conference could unleash a push higher in interest rates, and a commensurate sell-off in stocks,” said Tom Lee, head of research at Fundstrat Global Advisors. Thierry Wizman, global FX and interest rates strategist at Macquarie, said the spike in oil prices should make the FOMC “more reluctant” to signal a dovish disposition.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed decision: Markets await key dot plot, Powell press conference with no interest-rate hike expectedFollow along to MarketWatch's full coverage of the Federal Reserve interest-rate decision, dot plot, and Jerome Powell press conference.
Source: MarketWatch - 🏆 3. / 97 Read more »