Stocks rose at the open as the Fed kicked off its two-day policy meeting today.
Stocks rose on Tuesday, broadly supported on expectations the Federal Reserve could strike a dovish tone at its latest monetary-policy meeting.
The Fed is also expected to lower its interest rate forecasts — or"dot plots" — to show little or no further tightening in 2019. With global economic growth appearing to slow, most market participants anticipate the U.S. central bank to adopt a cautious tone. At its January meeting, the Fed indicated it will be"patient" in raising rates. That shift came after the central bank raised rates in December, sparking concern the Fed may be tightening too fast.
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