Here's what investors need to know this morning: ▪️ Wall Street futures slid early with all eyes on the Federal Reserve, which makes its latest interest rate decision today; ▪️ Major European markets were modestly positive; ▪️ TSX futures were in the red.
Wednesday will see the Fed’s latest policy announcement. Markets are widely expecting a quarter point rate increase. Traders will be watching for signals about what’s coming next and whether the central bank is nearing a pause in its tightening campaign. A week ago, thehiked by 25 basis points and became the first major central bank to signal a break after eight consecutive rate increases.
Overseas, the pan-European STOXX 600 was up 0.28 per cent in morning trading. Britain’s FTSE 100 added 0.14 per cent. Germany’s DAX and France’s CAC 40 were both up 0.09 per cent.Commodities “The oil market is awaiting a couple of major events, both the FOMC decision and the OPEC+ meeting on output,” OANDA senior analyst Ed Moya said.
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