Jamie Chisholm is a markets reporter based in London.
U.S. stock futures started November on the back foot as investors eyed the latest Fed interest rate decision and comments.
The Treasury’s quarterly refunding statement, which details how the government plans to fund its borrowing needs, will be revealed at 8:30 a.m. Eastern. Many investors have partly blamed the move of late in benchmark bond yields BX:TMUBMUSD10Y to 16-year highs on the market’s fear about increased supply of Treasurys.
Then at 2 p.m. the Federal Reserve will deliver its latest interest rate decision. The market is placing a 99.7% chance of the central bank leaving borrowing costs at a range of 5.25% to 5.50%, so it’s the Fed’s accompanying statement and answers from Chair Powell at his press conference, starting at 2:30 p.m., which will carry the heft.
“We know that Jerome Powell won’t call the end of the policy tightening after seeing a blowout growth data – which showed that the U.S. GDP grew almost 5% in Q3, and inflation ticked higher because Americans kept spending…The chances are that we won’t hear anything soothingly dovish. ‘The higher yields help us do the job’ is the best it will get,” said Ozkardeskaya.
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.
S&P 500 futures firmer as Treasury yields slip and Fed meeting startsU.S. stock index futures edge higher in Tuesday's premarket, holding most of the previous day's rally as Treasury yields move lower and more corporate...
Read more »
S&P 500 Forecast: Index gains on Monday as markets look ahead to Apple earnings, Treasury refundingThe S&P 500 index opened higher on Monday as the market hopes the more attractively-valued index can rally following two consecutive weeks of greater than 2% losses.
Read more »
S&P 500 futures steady as lower Treasury yields support sentimentJamie Chisholm is a markets reporter based in London.
Read more »
S&P 500 rallies ahead of busy week as Apple earnings, Fed decision eyedS&P 500 rallies ahead of busy week as Apple earnings, Fed decision eyed
Read more »
S&P 500 futures rise from five-month low with Fed and Apple results in viewJamie Chisholm is a markets reporter based in London.
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Fed, Apple and NFP in spotlightDow Jones, Nasdaq, S&P 500 weekly preview: Fed, Apple and NFP in spotlight
Read more »