The Federal Reserve kept rates at the conclusion of its meeting Wednesday, fueling a rally for stocks to start November.
Stock futures are near flat Wednesday night as investors shifted focus from the Federal Reserve's policy decision to the latest batch of corporate earnings reports.and the subsequent press conference with Jerome Powell, the central bank's chair. Powell said he would not rule out a rate increase at the December meeting, leaving market participants unsure of when the hiking cycle would end.
"We expected Powell to talk tough and do his best to keep markets from taking the two successive 'skips' in interest rate hikes as a green light for risk assets," said Chris Zaccarelli, chief investment officer for the Independent Advisor Alliance. But,"we were surprised at how detailed he has been in his language that the Fed is still worried about inflation and wouldn't hesitate to raise rates again in the near future.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures fall slightly as Fed decision looms: Live updatesStock futures were slightly lower as Wall Street geared up for the Federal Reserve’s latest policy decision on interest rates.
Read more »
Stock futures fall slightly as Fed decision looms: Live updatesStock futures were slightly lower as Wall Street geared up for the Federal Reserve’s latest policy decision on interest rates.
Read more »
Stock futures fall slightly as Fed decision looms: Live updatesStock futures were slightly lower as Wall Street geared up for the Federal Reserve's latest policy decision on interest rates.
Read more »
Fed meeting live updates: Fed expected to leave rates the same for a second consecutive timeFed funds futures pricing suggests a 99% likelihood that the central bank will hold steady on policy, keeping its target rate range at 5.25% to 5.5%.
Read more »
Fed meeting live updates: Fed expected to leave rates the same for a second consecutive timeFed funds futures pricing suggests a 99% likelihood that the central bank will hold steady on policy, keeping its target rate range at 5.25% to 5.5%.
Read more »