Investors have pared bets on a March rate reduction and are setting their sights on the Fed’s subsequent decision on May 1, but still see a slim possibility of an earlier move.
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.
Fed to Hold Interest Rates Steady But Start Considering Cuts bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
US stock markets finished with small gains on Monday with investors choosing not to take on too much risk after the strongest weekly rally for markets in about a year.
Futures for Wall Street s main stock
indexes fell on Tuesday as investors assessed diplomatic efforts
to contain the Middle east conflict, while gearing up for a slew
of U.S. big bank earnings and.