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US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday
- On Tuesday, U.S. stocks largely held as traders awaited the Federal Reserve’s statement Wednesday, with markets widely expecting a third rate cut this year.
- After a Tuesday jobs update, bond yields climbed across the curve as the two-year Treasury yield rose to 3.60% and the 10-year yield to 4.18%, reflecting 7.7 million job openings.
- JPMorgan’s outlook pressure hit indices after Marianne Lake said expenses could rise about 9% next year, while Ares Management jumped after S&P Dow Jones Indices said it will join the S&P 500.
- Indexes showed mixed moves, with the Dow down about 0.3% dropping 124 points while the Nasdaq composite was modestly higher and the S&P 500 fell 6.00 points to 6,840.51 on Tuesday.
- Many on Wall Street expect the Federal Reserve to tamp down hopes for more cuts in 2026 as inflation remains above the Fed’s 2% target and bond market questions trade-offs of lower rates.
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The Columbian+22 Reposted by 22 other sources
US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday
NEW YORK (AP) — U.S. stocks largely held in place on Tuesday as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading. Read more...
·Vancouver, United States
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Total News Sources29
Leaning Left12Leaning Right3Center6Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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