Investors are waiting with baited breath (no, not with an anchovy on the end of their tongues) for the announcement of how much the Federal Reserve will jack up interest rates today
As for me, I'm just relaxing at home with some wine and cheese..
According to Financial Times:
US stocks opened marginally lower on Wednesday as investors looked ahead to the Federal Reserve’s monetary policy decision, in which the US central bank is expected to raise rates again to keep up the fight against inflation.
The blue-chip S&P 500 fell 0.1 per cent, while the tech-heavy Nasdaq dipped 0.2 per cent. The KBW Bank index lost 0.6 per cent, and shares in First Republic, the regional lender at the centre of the crisis, dropped 2.7 per cent.
Futures markets indicate traders are expecting the Fed to raise rates by 0.25 percentage points from the current range of 4.5 per cent to 4.75 per cent.
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