The central bank is expected to hike interest rates by 0.75 percentage point on Wednesday.
The Federal Reserve is slated to wrap up its two-day meeting on Wednesday afternoon. Fed Chair Jerome Powell is expected to announce another 0.75 percentage point hike, as policy makers attempt to cool decades' high levels of inflation.Stocks and bond prices have rallied in the weeks leading up to Wednesday's expected rate hike, which could put markets at risk for a backslide if the Federal Reserve holds course.
"I think the Fed will be more hawkish than dovish. I think that people in the market are looking for them to pull back and slow down the hawkish nature of their general commentary, and I think this meeting they're going to be disappointed," said Eric Merlis, managing director, global markets at Citizens Financial.
"I understand why it's being priced in but, from a pure trading standpoint, you could see a big piece of that reverse today after the press conference," Merlis said.BlackRock's Rick Rieder said he anticipates the Federal Reserve will raise rates by 0.75 percentage point Wednesday and two more rate hikes may be in the cards before the central bank stops.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Live PD’ Successor ‘On Patrol: Live’ Scores Strong Opening For Reelz Despite Technical GlitchOn Patrol: Live, the follow-up to reality hit series Live PD, opened strongly on Friday night despite a technical glitch. The police-action series, which airs on Reelz channel, having previously be…
Read more »
Red Sox reach $170 million jersey-patch deal — Mets looking to follow suitThe Boston Red Sox have made a mega-deal to corporatize their uniforms — with the Mets also looking into doing the same with theirs.
Read more »
Custodian turned middle school teacher serves as reminder to follow your dreamsA former high school custodian tells FOX 26 he literally had a dream that he was in a classroom teaching, so he woke up and decided to go for it.
Read more »
Asian markets follow Wall Street lower ahead of likely Fed rate hikeAsian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.
Read more »
NFL Plus streaming has live games for $4.99 per month — but not on your TVNFL Plus lets you stream on your phone or tablet only.
Read more »
Live blog: Ukraine accuses Russia of waging 'gas war' against united EuropeUkrainian military reports widespread Russian artillery barrages in the east and says Moscow's troops are preparing for a new assault on Bakhmut, a city in the industrial Donbass region, as fighting rolls into its 153rd day.
Read more »