The dismal mood somehow eased ahead of Wall Street’s opening, with the three major indexes now trading in positive territory. Gains however, are modest as investors gear up for the Federal Reserve (Fed) monetary policy announcement. The Fed is undergoing a two-day meeting, which will conclude on Wednesday. Officials will announce their decision afterwards, with officials widely anticipated to keep interest rates on hold. Whereas the accompanying statement and Chairman Jerome Powell’s speech are dovish or hawkish and will decide the market’s direction
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.