Wall Street: US stock markets slightly up before interest rate decision
The markets are eagerly awaiting the central bank's decision, with traders exercising restraint in the run-up to it. In contrast, bond yields are showing signs of slight easing.
US stock market indexes show slight gains ahead of the Federal Reserve's interest rate decision. The Dow Jones is nearly unchanged at 52,195 points, while the S&P 500 and Nasdaq Composite rose by 0.4% and 0.6% respectively. Market observers expect the Fed to raise interest rates due to persistent high inflation, which remained at 3.4% year-over-year in August, and a robust labor market. The majority of traders, 92.5% on CME and 90% on Polymarket, anticipate a rate hike.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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