Stocks Edge Higher Ahead Of US Fed Rate Call
Traders priced a 93% chance of a hike as lower oil prices and gains in chipmakers helped offset caution over inflation and Middle East tensions.
- On Wednesday, Dow E-minis attempted a recovery following a two-day slide, as lower oil prices offered relief during a tense wait for the Federal Reserve's interest rate decision.
- Investors are focused on the 2 p.m. rate move, with the CME FedWatch tool indicating a nearly 93% chance of an increase amid concerns regarding inflation, Treasury yields, and Middle East conflict.
- Among chipmakers, Intel rose more than 5% while Marvell Technology gained nearly 2%, though Microsoft and Apple fell marginally as a joint call to slow AI development clouded the Tech sector outlook.
- Yung-Shin Kung, chief investment officer at Mast Investments, said, "We think market pricing for a rate hike may be overly confident," noting that rate increases may struggle to address inflation drivers like tariffs.
- Analysts suggest the central bank risks its credibility if it stands pat, as Fed Chair Kevin Warsh faces pressure to tame price pressures following his appointment by President Donald Trump.
14 Articles
14 Articles
US Futures Climb Ahead of Fed Interest Rate Call and the Latest Retail Sales Numbers
`U.S. futures rose Wednesday ahead of the Federal Reserve’s decision on interest rates with high expectations that they will move higher in what would be the central bank's first hike in more than three years. Federal Reserve Chair Kevin Warsh, economists say, has largely boxed himself into a rate hike after delivering a high-profile speech last month warning that inflation remains well above the Fed’s 2% target. U.S. data released last week sho…
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Wall Street Futures Rise Slightly as Investors Await Federal Reserve Decision
U.S. stock futures edged higher Wednesday after two straight sessions of losses as investors awaited the Federal Reserve’s interest-rate decision. Softer oil prices offered some support, while high Treasury yields, inflation pressures and uncertainty surrounding the Middle East kept markets cautious.
The Federal Reserve is expected to raise interest rates tonight for the first time in three years. Despite this, Wall Street opens in the green, as the market is currently more concerned with what the central bank is signaling ahead than with the rate hike itself. At 14:32 Swedish time, the S&P 500 futures rose 0.31 percent to 7,680.00 and the Nasdaq 100 futures climbed 0.55 percent to 29,409.00. The US ten-year yield fell 2 basis points to 4.98…
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