Markets Steady as Investors Await Rate Decision

Dow Jones
Sep 16
 

It's Fed day, and it promises to be a big one.

The Federal Reserve is widely expected to deliver its first interest-rate rise since 2023 this afternoon - a move that could spark tensions between Chairman Kevin Warsh and President Trump.

Markets are largely calm ahead of the 2 p.m. ET policy announcement. The Nasdaq and the S&P 500 opened higher, with the Dow flat. The 10-year Treasury yield has retreated just below 5% and Brent crude futures are down slightly at around $107 a barrel.

The stage has been set for the Fed to raise rates by a widening conflict in the Middle East that has pushed up oil prices and boosted inflation expectations.

The foreign ministers of Iran and China held talks in Beijing Wednesday. Beijing issued a statement saying it wants to avert further escalation in Yemen, where Iran-aligned Houthi rebels have taken effective control of a crucial Red Sea shipping route.

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10