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Stock futures edge higher as fed decision looms; Fed Preview: pivot unlikely as Powell stays focused on inflation fight; AMD leaps as gaming, data center chip sales impress in Q3;
Analysts at Australia and New Zealand (ANZ) banking group “expect the Fed to hike by 75bp at its meeting this week.” Also read: Fed Preview: Dollar’s
EUR/USD licks its wounds around 1.0125-30 as bears take a breather after the biggest daily slump in 12 days. The quote dropped the most in two weeks a
The highlight for markets today will be the FOMC meeting. We expect the Federal Reserve to hike the target range by 50bp, a view shared by consensus a
Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself...see what traders will be focused on instead!