US stocks were mixed in cautious trading on Wednesday as investors waited to find out whether the Federal Reserve has shifted its view on how many interest-rate cuts could come this year. The S&P 500 was flat at the open on the heels of a fresh all-time closing high for the benchmark. Meanwhile, the Dow Jones Industrial Average fell 0.2% and the tech-heavy Nasdaq Composite gained 0.2%.
Wall Street analysts suspect that recent hotter-than-expected inflation readings and signs of strength in the US economy could prompt policymakers to forecast rate cuts in 2024, from three previously. That uncertainty could weigh on stocks, and on the broadening of the recent rally. Bonds could also come under pressure after the Fed statement at 2 p.m. ET. Yields on the 10-year Treasury were slightly lower at around 4.28%, after rising over 20 basis points in the past two weeks.
Source: News Formal (newsformal.com)
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:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: US futures stall as Fed decision day arrivesCaution prevailed with focus on whether the Federal Reserve has shifted its view on the number of rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq futures rise as Fed rate call loomsInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures retreat in countdown to Fed meetingInvestors are waiting with baited breath for the Fed's big decision.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street notches another record ahead of Fed newsNEW YORK (AP) — Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates. The S&P 500 shook off an early loss and closed 0.6% higher Tuesday, beating the all-time high it set last week.
Source: SooToday - 🏆 8. / 85 Read more »