Federal Reserve Meeting: Why Fed’s Powell Won’t Upset The S&P 500 Wednesday
The Federal Reserve will take a break from rate hikes at tomorrow’s meeting, but Wall Street fears that policymakers will push out the timing for rate cuts next year, delivering a hawkish pause. With the S&P 500 having slipped below key support as the 10-year Treasury yield hits 15-year highs, a market-unfriendly outlook from the Fed could add to selling pressure.
Yet economists may be missing the forest for the trees — or the dots in this case. Trying to predict the so-called…