Stocks retreat as traders cautious before Fed rates call
- Stock markets mostly declined on Tuesday as investors awaited the Federal Reserve's interest rate decision amid ongoing trade uncertainties.
- This cautious sentiment followed two weeks of gains driven by hopes for US trade deal progress, which have yet to materialize.
- Major US indices closed down about 1 percent, European markets fell modestly, while Asian markets gained on renewed optimism and rising oil prices.
- David Morrison observed that investors seem to be securing gains and stepping back from the market as the Federal Reserve’s FOMC meeting begins today.
- The Federal Reserve is anticipated to maintain current interest rates as economic indicators offer a mixed picture, leading investors to stay cautious until more definitive trade developments and policy guidance become available.
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Stocks retreat as traders cautious before Fed rates call
Stock markets mostly dropped on Tuesday as investors awaited a US Federal Reserve interest-rate decision for signs of the outlook for the tariffs-hit economy.
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Read Full ArticleGeopolitical Flashpoints and FOMC Anxiety Rattle Global Markets
Market Summary Markets were cautious on Tuesday as investors weighed geopolitical tensions and central bank uncertainties. The U.S. dollar weakened ahead of the highly anticipated FOMC decision, with expectations for no rate change that were already priced-in in the market. However, concerns over renewed friction between President Trump and Fed Chair Powell added an additional layer of policy risk, raising questions about the Fed’s independence.…
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Leaning Left8Leaning Right11Center12Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 26%
C 39%
R 35%
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