S&P 500 remains rangebound ahead of massive FOMC decision. Fed expected to raise rates by 0.75%, eyes on SEP.
US equity benchmarks continue to hold their gains ahead of this afternoon’s Federal Reserve interest rate decision, with the S&P 500 trading higher by roughly 0.5%. Traders remain on edge as the Federal Reserve is set to raise interest rates while also releasing a new Summary of Economic Projections . Markets are currently priced for a 0.75% rate hike, which will take the federal funds rate to a range of 3-3.25%.
Risk assets are likely to be prone to volatility surrounding the statement release and press conference, as traders will need to digest the decision, a fresh SEP, and revised dot plots. The dot plot will be key, as it shows where FOMC members see interest rates in the months and years ahead. While not an “official” forecast, it offers a glimpse as to the potential future path of policy.
The last dot plot showed a 3.8% terminal rate for the FOMC, which is likely to be revised higher when the new dots come out. The repricing of Fed expectations could heighten interest rate volatility, which could then bleed into equity markets. Prior to the meeting, the 2-year Treasury yield climbed above 4% for the first time since 2007.S&P 500 futures sit finely poised ahead of this afternoon’s FOMC policy decision, with resistance at 3900 limiting upside so far.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
S&P 500 Fails at Key Hurdle as Traders Eye FOMCEquities staged a strong rally off premarket lows only to fail at key resistance. FOMC comes into focus.
Baca lebih lajut »
S&P 500 Futures, yields grind higher as market appears dicey ahead of key central bank movesS&P 500 Futures, yields grind higher as market appears dicey ahead of key central bank moves – by anilpanchal7 SP500 Futures YieldCurve CentralBanks RiskAppetite
Baca lebih lajut »
SF-based Gap laying off 500 corporate employees as challenges mountRoughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer headquartered in San Francisco is currently facing.
Baca lebih lajut »
Gap cuts 500 corporate jobs as profits dwindleThe company continues to struggle to keep profits up amid lackluster sales, outdated merchandise, branding and voice.
Baca lebih lajut »
Gap Is Cutting 500 Corporate JobsGap is eliminating about 5% of headquarters staff as it moves to reduce expenses amid declining sales and profits.
Baca lebih lajut »
Gap eliminating about 500 corporate jobs as sales fallGap, Inc. is cutting about 500 corporate positions amid declining sales and a push to cut spending.
Baca lebih lajut »